Replies to post #276049 on CMKM Diamonds Inc. (fka CMKX)

[ordinarydude]

It's not that it "couldn't" happen...it's that is most likely "wouldn't" happen....

Ordinary

[Investorman]

The cost of moving certs would be greater than the market cap of most penny companies.

[janice shell]

maybe they should pass a law with penny stocks - you can only trade if you hold certs - create some kind of online cert holding company for the instant transfer of the certs to the broker when the share holders wishes to sell.

lol, that's the system that was used in India back in the 90s. Evidently it could take as much as six months to settle trades.

NOT a good idea.