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The NOBO listing Board RSS Feed

Followers
68
Posters
169
Posts (Today)
0
Posts (Total)
1200
Created
09/07/05
Type
Free
Moderators Lynxrulesss
The Nobo Board List of stocks that have PR'd for a NOBO
PDVP    Dec 13, 2006
PLMA    Dec 12, 2006
RXPC    Dec 11, 2006
GHTI    Dec 08, 2006
PDSC    Nov 27, 2006
VPFI	Nov 21, 2006	
DPBL	Nov 17, 2006	
NXSF	Nov 09, 2006	
MCCI	Oct 24, 2006	
PLYCF   Oct 24, 2006	
PLNI	Oct 23, 2006	
RLTR	Oct 20, 2006	
MTPT	Oct 18, 2006	
NVMG    Oct 17, 2006	
RSHN	Oct 16, 2006	
DKGR	Oct 16, 2006	
FGFC	Oct 16, 2006	 
AAGH	Oct 13, 2006	
SMMW    Oct 13, 2006	
ETIM	Oct 12, 2006	
IMJX	Oct 11, 2006	
EQBM	Oct 11, 2006	
KMAG    Oct 11, 2006	
GMSC	Oct 11, 2006	
MKGP	Oct 11, 2006	
QTCE	Oct 10, 2006	
IRBL	Oct 05, 2006	
FSMH	Oct 05, 2006	
PYPR	Oct 04, 2006	
TMJG	Oct 04, 2006	
VXBX	Oct 04, 2006	
CBAY	Oct 04, 2006	
EZTO	Oct 04, 2006	
HVLN	Oct 03, 2006	
QBIT	Oct 03, 2006	
GOIH	Oct 02, 2006	 

[/PRE]







The NOBO/OBO System

The names of the ultimate beneficial owners of street name
shares - i.e., the customers of the brokers and banks who have
deposited the shares with DTC - are maintained by the brokers
and banks, not by companies themselves. Recognizing that this
system left companies without direct contact with a large
proportion of their beneficial owners, the Commission adopted
rules in 1983, which went into effect in 1986, requiring
brokers and banks to provide companies with lists of "non
objecting beneficial owners" (or "NOBOs") who did not object to
having their names and addresses supplied to companies.17
Objecting beneficial owners (or "OBOs"), which constitute an
estimated 75 percent of shares held in street name,18 still may
be contacted directly only by the broker or bank, or its agent.
Although companies may mail proxy materials directly to NOBOs,
as a practical matter they never do so, because current SEC
rules require companies to forward proxy materials through
brokers and banks regardless of whether they are also mailed
directly.19 Therefore, companies only use NOBO lists to mail
out supplemental materials, annual reports and quarterly
reports, which do not have to be mailed through brokers and
banks.20 Furthermore, because only the brokers and banks are
legally entitled to vote shares held in street name, companies
cannot use NOBO lists to enable beneficial owners to vote
directly with the company.
  
The Role of ADP

The overwhelming majority of brokers and banks have contracted
out the administrative processes of distributing proxy
materials, tabulating votes, and responding to requests for
NOBO lists, to the Investor Communications Services Division of
Automatic Data Processing, Inc. ("ADP").21 Brokers and banks
accomplish this by transferring the proxy authority they
receive from DTC (via omnibus proxy) to ADP via powers of
attorney.22 ADP then mails the proxy statements and voting
instruction forms (known as "VIFs") to beneficial owners. It
does not mail "proxies" to beneficial owners; instead, it
requests voting instructions from beneficial owners via the
VIFs, and thereby retains the legal right to vote the shares.23
ADP, as the agent of the brokers and banks, also has the
responsibility of creating NOBO lists upon request by
companies.24 As discussed below, companies must reimburse ADP
for its dissemination of proxy materials and other
communications, and creation of NOBO lists according to a fee
structure established by the NYSE and approved by the SEC.25 

NOBO Has now become part of an overall fight back tactic.
Companies are now calling for their nobo/obo and doing name
changes, cert recalls to force the MMs from destroying their
companies!

RULES OF THE BOARD!

THIS BOARD IS FOR THE DISCUSSION OF NOBO STOCKS.

NO PERSONAL ATTACKS OR VULGARITY WILL BE TOLERATED ON THIS BOARD!

POSTS THAT ARE PERSONAL ATTACKS & BASHERS COULD BE DELETED AND/OR BANNED!


Folks the sole purpose of this board is to present NOBO MOMO
plays and track them as news comes out. Please stay on topic
and do not post questions concerning whether or not the
companies are viable unless it's in a PR.
Of course comments are welcome but not to dwell on wether a
company is stupid or great...LOL
All posts not in this vein will be deleted!


ADP Investor Communications NOBO LIST
http://www.ic.adp.com/nobo.html
[b]Issuer FAQ

ADP Investor Communications
5970 Chedworth Way
Mississauga, ON L5R 4G5
Main Phone: 905-507-5100
Main Fax: 905-507-5350
_______________________________________________________________
_______________________________________________________________

[DISCLAIMER:
Opinions expressed on this board are just that. Opinions. We
are not licensed brokers. Trading strategies discussed on this
board are often high risk and not suitable everyone. If you are
losing money in the market, you may wish to seek the advice of
a licensed securities professional.

Please do your own due diligence before buying or selling ANY
SECURITY in the open market, there are no guarantees.

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