CMKM Diamonds Inc. (fka CMKX)

[matrix]

I assumed you either agreed with him or reposted this for discussion. I don't think he is a CPA because the reference he posted was for close corporations which CMKX is not.

There are situations requiring a vote by the majority shareholders like raising or lowering the a/s. This would have been a better example. Even in this case, US smallcaps usually don't go to the little retail guys for their vote because insiders often hold the majority or can achieve it with their close associates.

Until the company releases the numbers, there's no way for the public to accurately know how many of each type are outstanding and how many common are free-trading out there.