Tavy, yes i'm willing to test my theory. I bought a piece of the company. The cert is not my responsibility. It should be the brokerage houses' responsibility to deliver the certs. I paid for the same shares everyone else paid for. What does pulling my cert have to do with it? Completely illegal. I'd like you to find one instance in the past from a legitimate company that required its shareholders to do ANYTHING costing money OTHER THAN buying a share in order to qualify them for a dividend? If I bought a share, I am owed a dividend...nowhwere is this cert crap legal. Tell me why I do not qualify for a dividend legally? Why would a judge honor CMKX v. me in this situation? Why would a judge rule in favor of CMKX? On one side, you have me, who bought legitimate shares of a company and I have a record of that purchase. On the other side, you have CMKX who distributed its dividend to its shareholders. However, CMKX distributed its dividend to only cert holding shareholders. Tell me how that is legal? Imagine ANY OTHER company distributing dividends ONLY TO CERT HOLDERS?
Furthermore, what are the implications of a judge ruling in favor of CMKX in this instance? Ruling in favor of CMKX would state clearly that those shareholders holding certs are MORE LEGITIMATE than those not holding certs. Such a ruling would ruin wallstreet and collapse all brokerage houses. The entire system would fall apart. And this has nothing to do with NSS. The point is to defeat NSS, not destroy a system that should treat all shareholders fairly. It's just legal fairness to treat all shareholders the same. And when you don't do that, the system falls apart in an unfair way, and will not be able to recover. Believe me, no judge would rule that way. It's legal common sense.
CERT holders aren't preferred shareholders! Cert holders have no legal right over street name holders for any distribution or anything the company gives them. You think that if tomorrow, all of the shareholders who got certs suddenly became millionairs, there wouldn't be a lawsuit filed by people like me, and that we WOULDN'T COMPLETELY AND LEGALLY WIN??????? In all legal fairness, ALL
COMMON SHAREHOLDERS of a company have a legal right to be treated equally. This cert business is BS and would never fly in a court of law, especially if CMKX made you rich.
Finally, in the end, pulling certs DOES cost money and significant money (percentage-wise) if your original purchase was only a few shares. Therefore, do you think a judge would rule in favor of a company that demands you spend significant money to get a dividend? Outrageous!!!!! It's not the shareholders' responsibility anyway, because the brokerage houses grant you street-name and are responsible to back it up with certs. Ludicrous!
