Replies to post #33188 on Bemax Inc (BMXC)

[Deagle]

Cede and Company, also known as "Cede and Co." or "Cede & Co.", is an organization founded in 1996[1] that was formed for the purpose of efficiently processing transfers of stock certificates on behalf of Depository Trust Company,[2] the central securities depositary used by the United States National Market System, which includes the New York Stock Exchange, Nasdaq, and other exchanges together with associated clearinghouses such as NSCC, FICC, DTCC, and others. Cede technically owns substantially all of the publicly issued stock in the United States.[3] Thus, investors do not themselves hold direct property rights in stock, but rather have contractual rights that are part of a chain of contractual rights involving Cede.[4]
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Unless you "direct Register" a stock in your name on the books of the company you buy.

[I-Glow]

Cede is a securities holder - they don't own the stock - most if not all of the shareholders who use a discount broker are held by Cede.

The problem with Cede is when there is a shareholder vote - on the OTCM it doesn't matter because the insiders usually control the vote.

As I posted when you look at a NOBO list as much as 80% of the shares are under Cede.

The stock held by Cede is called being held in the Street Holders Name.

So when you see a company that states it has 41 shareholders - Cede being one might be holding for 500 shareholders - so the number would be 540 shareholders.

IG