CMKM Diamonds Inc. (fka CMKX)

[Mark_Leh]

I personally find it ABSURD to believe that Urban and every insider did not have every single cert pulled for any and every share owned. There is absolutely NO advantage to insiders holding shares in electronic form and if your company is currently in the throes of what appeared to be some pretty negative market forces driving your stock down, you hold your certs in absolute physical form.

You are correct that there is little point for insiders of Bulletin Board or Pink Sheet companies to hold their stock in street name if they plan on holding it. If they plan on selling it, then that's exactly how they'll hold it. Also, if they don't plan on selling it, they will often have their stock in cert form, which they then pledge as collateral to banks (frequently foreign) or other entities for loans. Why else would Julius Baer have a decent inventory of stock to borrow?

Just to clarify, I have no knowledge that CMKX insiders have been selling or pledging their stock. I was just speaking about companies in general.