Thursday, April 28, 2016 12:28:47 AM
In pennies, the companies like to confuse the issue. Basically, usually with real companies, a shareholder of record will be an actual list of minor and major shareholders with their names recorded with the actual company as they hold assorted different equities and hold more than 3% of any given corporate stock. A large percentage of stockholders are known only to their brokers in 'street' names of blocks of names. Each brokers knows your name and amount, but common street retail Sh'rs are almost never known to the companies themselves. You are a number to the corps only. The company may not even know the brokers names. But the TA would know the brokers blocks.
Scammy companies want people to believe this is the same thing. True, many sources call common shareholders shareholder of record, but that's for r/s and other stock shenanigans by the company. With much digging, a common shareholder should be able to find the actual corporate shareholders of record list and it should be itemized.
There is a difference. I may or may not have explained it well enough, but I think the gist is there.
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