NANDI, MY THOUGHTS ON CERTS
I personally don't believe that having your certs physically brings you any real advantage other than you can clutch them close to your chest at night. I believe brokers must and will honor every transaction that they process. They do not get to selectively go back and say "Oops, we failed to get your certs so that transaction is not valid." No, I believe they are on the hook for every transaction whether or not you have the certs to back it.
That having been said, there is great truth to the fact that ultimately if everyone asked for their certs and there were fewer certs available than requested, forced buy-ins could result. What this tipping point is depends on the OS. If there are 10 billion shares outstanding, you'd probably need 11 billion certs requested to create enough of a significant backlog where SOMEBODY is going to get bought in until certs appear. The problem is that when you request your certs, especially now, they are going to be VERY hard to find IMO. And until your broker finds them for you, your shares may be untradeable. Various brokers I believe differ on this policy but many I believe will not permit you to trade your shares if certs are in transit. Plus, once you have them, you cannot technically sell those shares until you return the certs to your broker. This could create a two day lag.
So it is of great assistance to the company and your investment overall if you request them. But this must be weighed with the downside of some potential hazards should you decide in the near future that you need to liquidate any of those shares. If you are committed long, long term to CMKX, requesting them likely won't impact anything (however, be prepared to call your broker and bark at them daily for the next 30 days to get your certs and I suspect you MAY even have to file a complaint with the NASD if your broker "mysteriously" either stalls you, gives you a story or tells you it can't be done).
If people hold a large core position as liquid but have enough shares to request a percentage of them in cert form, this may be a strategy to ensure that they always have plenty of shares to sell but will have their long-term shares in physical form since there is no immediate need for them.
Normally, none of this would be an issue since a cert request through most brokers would take 7-10 days. But given the unusual situation here and the impending news in the next 30 days, I think the normal 7-10 days could be off by "quite a long while". It's a tough question. There are pros and cons. It definitely would help us all out the more people requested but there is no doubt in MY mind that requests these days could be delayed considerably. If everyone requested 20% of their certs today and if we are 100% correct in how huge the short position, it may take another 30 days but the effect of the cert requests would certainly compound the shorts' problems. Of course, everyone would have to be vigilant with their brokers. We've already heard some funky stories. My guess is we'd get a LOT more odd reports when people call to complain and ask "Where are my certs already?"
Market Data 
Markets 
AI
