CMKM Diamonds Inc. (fka CMKX)

[janice shell]

COR had no shares to "hold onto". It was the clearing firm. The stock was actually sold through Darbie.

Calissio had an obligation to understand how the dividend it declared would work. It failed miserably in that obligation.

The problem is that due bills were supposed to be attached to the Nobilis and Beaufort stock when it was issued, and when it was sold. What I don't know is how that process works. Does the TA make some indication of that upon issuance? Did he fail to do so, which resulted in the stock being sold without due bills?

I don't know.