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Re: cardnut post# 1630

Sunday, 10/05/2014 5:42:16 PM

Sunday, October 05, 2014 5:42:16 PM

Post# of 1673
Much more than 8 shareholders!!!

All stock held in street names at every broker are listed as 1 shareholder. If one ever sees a list of shareholders, they will see the vast majority of shares registered to Cede & Co. (see below.


"More than 75% of all public company shares are held in "street name," meaning that the registered owner is a broker, bank, or other third party financial institution. This practice of registering securities in the name of an institution other than the underlying owner helps to facilitate the processing of securities transactions."


"The vast majority of securities are deposited with The Depository Trust Company (DTC), a clearing agency that is registered with the U.S. Securities and Exchange Commission (SEC). DTC generally holds these securities in the name of one if its subsidiaries, Cede & Co. Click here to go to the DTC's website to learn more about how this process works."

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