Relocated to Texas to be nearer my home.
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I am sure many are of the same thinking. I can not think of anyone in our community who went against the grain of thought at the time to encourage, convince, and assist most of us. I never saw a defensive tone in his posts though it would have understandable. I did see a sense of purpose and commitment. By all means an apology and thank you have been earned and are deserved.
Thanks for your post.
It was supposed to be in $$ land by some bs accounts of the past 6 months. Hmmmmmm
......what happen?
Another prediction or hype dead in the water. A noticeable tanking would be more accurate! The fact that it started sub penny doesn’t make it a good investment. How long now has it been a STUCK stock? Did that Reg A doom the sp indefinitely?
Sell will meme gain certain or in many cases minimize losses??
Yes you have. All owe you an apology for all the doubt at times bordering on P attacks. You have my apologies and my grateful appreciation for all you have done and continue to do for all of us.
I plan on dedicating a substantial part of my payment to MSSV shares as soon as I receive. I have stock to sell for the same purpose but have to wait at least until the first of the year. I believe MSSV will do very well.
Best!
PTS. You are right AGAIN! I am sure Reference is quoted in full. For sure there are many other sources but this one seems to answer the purpose and basis for it.
https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/medallion-signature-guarantee/
What is a Medallion Signature Guarantee?
A medallion signature guarantee is a certification stamp that lenders – such as banks and other financial institutions – provide to allow investors to transfer ownership of securities. It will generally be required by parties when the owner intends to transfer securities.
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Medallion Signature Guarantee Source
The medallion signature guarantee protects shareholder accounts by limiting illegal transfers and potential losses by investors. However, the stamp is not required when a stock owner wants to sell or transfer stocks through a broker.
Summary
A medallion signature guarantee is a unique stamp by a signature guarantor that guarantees the authenticity of a signature to conduct a transfer of securities.
The guarantee protects investors by curbing forgery of signatures on the securities certificate.
An institution must be a member of the Medallion programs to offer medallion signatures guarantee.
Understanding Medallion Signature Guarantees
A medallion signature provides a guarantee that a signature’s owner is the legal owner of securities and hence, possesses the power to initiate a transfer of ownership. In the case of forgery, the financial institution will accept liability. It can be issued by a trust company, clearing agency, domestic bank, broker-dealer, or any other financial institution.
The guarantee is only valid provided that the sale or transfer of securities does not exceed the relevant surety coverage of the program. Signature guarantees from financial institutions that do not participate in either Stamp or NYSE Medallion program are not accepted.
It is worth noting that a notary public is not bound to produce a medallion signature guarantee when transferring stocks. In such a case, the officer must first verify the identity and acknowledge the signature owner before giving the nod to proceed with the sale or transfer.
Prefixes and Financial Institutions’ Policies
Medallion signature guarantees do not bear similar values. Each stamp is assigned a special coded prefix to determine the relevant surety coverage level. For example, a prefix C is needed in the medallion signature guarantee for a transaction that is worth $400,000. The prefix is suitable for up to $500,000.
A prefix D stamp will automatically be rejected in such a transaction since it is only suitable for up to $250,000. In the same vein, policies that specify the type of identification required to issue the medallion signature guarantee and where to charge a fee for the service vary by institution. Most guarantor institutions will issue a stamp for an established customer, but not for unknown persons.
How Medallion Signature Guarantee Works
An institution providing a medallion signature guarantee must be a participant in one of the three Medallion programs – i.e., the New York Stock Exchange Medallion Signature Program, Securities Transfer Agents Medallion Program, and the Stock Exchange Medallion Program.
The Securities and Exchange Commission (SEC) regulations determine eligible providers of a medallion signature guarantee. The stamp can guarantee proper endorsements in transactions involving mutual stocks, funds, bonds and savings bonds, warrants and other securities, and unit investment trusts.
The institutions offering the stamp may charge a small fee to its customers. A medallion signature guarantee stamp cannot be given to individuals outside the U.S. Some institutions may accept the U.S. embassy seal if notified of the substitutions in advance. Several endorsing institutions outside the U.S. with a correspondence relationship with a U.S. bank issue their existing customers with a medallion signature guarantee stamp.
Medallion Signature Guarantee - Programs
Special Details
Financial institutions offer holders with a security certificate a medallion signature guarantee. Institutions offer the written document to their customers to prove the ownership of different classes of a company’s shares.
The share certificate has key information that generally includes shares issue date, the name and address of the shareholder, certificate number, full amount paid on shares, classes of shares, the name and registration number of a company, and the number of shares. Institutions may issue shares in different classes.
One company that offers different classes of shares is Berkshire Hathaway. The holding company offers Class A (BRK.A) and Class B (BRK.B) shares. Other renowned companies, such as Facebook (F) or Ford Group (F), issue shares in dual-class structures. A company with dual-class stock means that it possesses more than one class of stocks, with every class having distinct features.
Multiple share classes are also offered in some companies, such as Google. The different share classes for Google’s parent company Alphabet (GOOG) are as follows:
Class A shares offer voting rights
Class C shares don’t offer voting rights
Class B shares give the stock owner ten voting rights
Another person can act as a proxy to the shareholder and vote on matters of company policy. The company may replace a lost, stolen, or damaged certificate. In the case of damage, the owner of the document must return it to the company.
The stock certificate can either be in a bear form or be registered. The bear form gives the owner all the legal rights that apply to the stock. Presently, electronic records are preferred over physical possession of share certificates.
Additional Resources
CFI is the official provider of the Commercial Banking & Credit Analyst (CBCA)™ certification program, designed to transform anyone into a world-class financial analyst.
To keep learning and developing your knowledge of financial analysis, we highly recommend the additional resources below:
Automated Clearing House (ACH)
Preferred Shares
Brokerage
Express Warranty
The only thing that the bank is doing is the signature guarantee. There is no attempt made to review any underlying documents such as the statements or other documents.
Not me. I plan on selling my shares in the February/March 2022 timeframe.
Once you get to YOUR bank/credit union; on an appointment, it takes under 10 minutes. My bank does not charge members for Medallion or notary services.
You forgot the 4th. It should read: IBGR is a recognizable POS in all respects. Take lately; the 6 shirts/sweater allegedly sold did nothing for the pps. Guess the message just had not got across so the hype and bs prevails.
Thanks PTS. I’ll let him know that I sent the DWAC to Joseph Donohoue followed with the banking information. I will include Joseph in the email as well Hope I don’t have to go back for another Medallion stamp.
Thanks!
For me, I will need to get my payment and then will use $20-$30K for MSSV shares. Until then there is no spare cash in my account. But I am looking forward to joining the group.
I was asked and I hadn't done, is sent a voided check to my bank so the payment could ultimately be disburse to it. I just finished sending the voided check via email so hope it helps and I don't have to redue the DWAC form.
PTS: I did see the statement and just checked in now to make sure. I read it in reference to the Medallion Stamp.
Who serves as LANS Financial Administrator?
Just thought that I have not provided banking information. My Dwac should be there first thing tomorrow (actually on Saturday).
The call work for me. I had to leave a voice message and within 30 minutes got a call back followed by an email.
Steps you took seems clear enough absent the problems with DocuSign.
The code must be unique to each shareholder? I hope I get mine on Monday or Tuesday since I sent it on Friday. Is overnight mail.
Thanks for your post. Great job!
More likely a reverse split in the order of 1 for 1000?
Great! Look forward to it!
I will try that tomorrow. Thanks.
I saw that part. Would have to be someone that is real conversant with the process. I can initiate a call but have never had a three-way connection especially out of my cell phone. I'll wait see until Tuesday to see what happens.
Thanks.
Cody, thanks. I provided the information to TDA just a minute ago and hopefully, that will contribute to moving my situation forward. The package and Medallion stamp will get to Joseph at VStock overnight so for sure Monday or Tuesday will be in his hands.
I will keep checking my account to see when the shares are removed from my account.
Guess it is not. TDA tells me it is up to VStock to initiate the transfer.
Joseph reiterates that it is up to my broker to initiate the transfer???!!!!!
God; nothing has been near straight forward on this process.
I did speak with Jolynn. She told me the next step was for a stock to submit the request based on my instruction on the form. I wii relate this information to Joe at VStock.
I hope my case is done! I am up to my ears on this project. I resent the medallioned form to VStock Transfer for overnight delivery at $27 a clip. I don't know what the next step is and hope I find out on Monday-Tuesday.
Anyone has an approved case yet? Payments yet?
Yes, I know that. Cried most of the last hour over it. Packages arrive in a few days most of the time.
No no no! Those shares are locked at least until they are unlocked for sale. Don’t get me wrong just don’t pretend otherwise.
Igbr is no Nike though some may think so.
That and $7 will buy a pancake breakfast at my favorite restaurant with a cup of coffee.
Another wasted catalyst as IBGR is sticky below the 52 week high. How many catalysts will it take to cross a dollar? Ooops; it is not catalysts. It is revenues and profits. Hype is not working any more.
What will the control number be?
One more thing I learned the hard way. I submitted my Medallion Stamp as part of the first step because the DocuSign process stopped working. Anyway I was inform it can only be done as part of the DWAC so for me another delay. I have an appointment at the bank to get the stamp on the right form.
What is the control number? That is the last step except that I probably resubmit the statement again?
I was in heavily on LANS Holdings but never bought a single share of MSSV. I likely will take a good chunk of my funds and buy MSSV going forward.
I never held shares in MSSV.
Moving right along!?
David. Is that supposed to mean anything to me?
I had not submitted the DWAC but the step one form modified to include the Medallion Stamp. I called the bank to see if I can get another stamp on the DWAC form and I will provide a copy directly to TDA.
Thanks for the info.
You got it right...AGAIN!
By the certified mail receipt it got to the company on Monday this week so probably was opened on Tuesday or Wednesday morning but when it actually got to the person(s) doing the work is another thing.
One thing for sure from my end is that it makes me feel a lot better now. I will real feel good when I get the transfer document and I can return it to V-Stock and will provide a copy to TDA. THEN comes the payday ........ and it is .......CELEBRATION TIME. Noticed that MSSV is starting to move a little. I do not have the funds to buy any right now but hope it hasn't skyrocketed before my funds are available.
Best to everyone.
Got a call from V-Stock telling me that they received my package and it was in good order except for the transfer document. Said I would get an email today and for me to fill it in and return it to them.
Guess I will then call TDA and discuss it with them maybe even provide a company of the transfer request document.
Thanks to all for the extensive help, hand holding, and encouragement!!!!
I added “no less than .002” to my form.
Have not received the email back.
I think it proved the opposite. One page should have been necessary and that is it.. x