GNCP - Sorry! But the broker cannot deliver locates for the shares that are to be converted to physical certificate form, then the TA CANNOT issue the certificate in the shareholder's name.
It appears that a broker, or brokers do not have locates for the IOU's that they have deposited into someone's account. And that someone is requesting the broker to initiate a transfer from electronic IOU to a physical certificate.
A transfer cannot occur since the broker does not have a locate on a physical cert to back up the naked short that has been generated by the collaborating counterparties, and simultaneously accepted for deposit, without requiring a locate by the broker from the seller.
These are major securities violations, and it doesn't matter how the rules and regulations are further interpreted.
These are the facts!
Funny considering Brokers do not "cut" certificates in the first place. That would be the Transfer Agent, thus why you can pay up to $700 to have a physical certificate presented. It doesnt happen over night, typically anywhere from 3-4 weeks before the physical process completes and is mailed certified mail, sometimes even longer.
Claims that a broker cuts a cert have never been made by any GNCP shareholder. Claims that they have been made are false and misleading.
GNCP - Correct! It appears that your broker does not have a locate to send to the TA to back the cert.
The TA cannot cut a cert if an IOU is wired to them.
Funny how false and misleading information is claimed otherwise.
Tic Toc - SevenTenEleven
It has nothing to do with his broker, all his broker does is initiates the request to the TA and that is it. The Transfer Agent and NSCC do all the work and it takes quite a bit of time to produce a physical certificate. The statement is complete bullshit as to requesting one in the first place along with the supposed "we dont have any"..... that is complete bullshit and quite false and misleading. - BigBake1
Tic Toc
Rub-A-Dub-Dub…Three perps in a tub…The broker, the banker, and the counterfeit equity maker!!!
Please research all stocks before investing. My posts are my opinions and are not buy or sell recommendations.
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