Bemax Inc (BMXC)

[I-Glow]

Cede is a securities holder - they don't own the stock - most if not all of the shareholders who use a discount broker are held by Cede.

The problem with Cede is when there is a shareholder vote - on the OTCM it doesn't matter because the insiders usually control the vote.

As I posted when you look at a NOBO list as much as 80% of the shares are under Cede.

The stock held by Cede is called being held in the Street Holders Name.

So when you see a company that states it has 41 shareholders - Cede being one might be holding for 500 shareholders - so the number would be 540 shareholders.

IG