Comtex News Network, Inc. (CMTX)

[flemsnopes]

You're probably right about physical certificates, and the broker would likely just issue a single document indicating the total number of shares held, after notifying the transfer agent. I know of no particular advantage, but I assume owners of record would receive certain corporate notifications directly. Of course, there would be the obvious disadvantage of not being able to sell the stock quickly, should the need arise. I'm simply curious, and perhaps a little worried, about our particular circumstance in which the company has deregistered and terminated periodic filings.