CMKM Diamonds Inc (fka CMKX)

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The only thing they confirmed was IF insiders controlled that much of the o/s, then the entire shareholder base does not need to vote. This is correct. The TA never told them what percentage of the o/s Urbie and other insiders actually control. If you contact the TA, you'll see they will not divulge such information. CMKX' past filing shows Urbie and family (to include all officers and directors) held only 10.7% of the o/s in 2003 not 51%.
http://www.sec.gov/Archives/edgar/data/1092299/000111776803000002/schedule.htm

Urbie has not filed required Form 3's and 4's. So, no one here knows if he has sold or how much. If he didn't sell shares as you assume, then why hasn't he submitted his Form 3? It takes an hour max to fill it in and submit. If he did trade stock, it should take a few hours to do the same. One only needs to look at how his lifestyle changed since coming into CMKX to see he fell into an awful lot of money. Signs show he wasn't a very rich man when he arrived.