Thursday, July 24, 2014 6:26:26 PM
Brokers dont "cut" certificates the Transfer Agent does concurrently with the NSCC. The process is not in days it is weeks to produce an UNDERWRITTEN physical certificate.
First thing is we are not getting the actual statement, instead were getting "basically said".... well great but what did they really say as I can guarantee they didnt say "I dont have any". Once again they dont produce certificates in the first place, so it is quite moot to expect them to have a physical certificate to give you.
First T+3 has to do with Trading and settlement not delivery of a physical certificate. Once again they do not have PHYSICAL certificates in their possession, that is strictly the Transfer Agent.
There isnt any Naked Short selling going on here, you are absolutely correct and the problem presented also doesnt have anything to do with Naked Shorting. In fact the problem presented is complete unawareness to the actual process and incorrect expectations of a broker.
THE REAL DTCC DISCUSSION
http://investorshub.advfn.com/boards/board.aspx?board_id=23867
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM