Followers | 4216 |
Posts | 13632 |
Boards Moderated | 6 |
Alias Born | 12/14/2012 |
![](https://investorshub.advfn.com/uicon/373082.png?cb=1467743948)
Thursday, March 19, 2015 10:38:10 AM
Remember folks a transfer agent is contracted by a publicly traded company for the following specific set of services:
1. to maintain records of investors and account balances and transactions;
2. to cancel and issue certificates;
3. to process investor mailings; and,
4. to deal with any associated problems (i.e. lost or stolen certificates).
TRANSFER AGENTS ARE NOT THE INVESTOR RELATIONS ARM OF A PUBLICLY TRADED COMPANY. Transfer Agents will, from time to time respond to investor inquiries about the a client company's share structure; however, when those inquiries become so burdensome as to consume a large portion of the TA's time and attention (the TA has other client companies for whom they must also provide service), then they tell the company they will no longer be responding to such inquiries from the public regarding that particular company's share structure so as to end the constant barrage of phone call and e-mail inquiries.
Such may be the case in the instance of IJJP; the email response from the TA also seems to indicate that by the words "Transfer Online, Inc. is not a public source for share structure information." Since its launch from triple zero territory, IJJP has been one of the most active and most followed stocks on I-Hub; along with such popularity comes investors conducting their proper due diligence; part of the due diligence is finding out the company's share structure. I have no doubt the transfer agent was probably receiving a couple of dozen e-mails and perhaps 20-50 phone calls per day about IJJP.
So, please stop constantly inferring just because the TA is no longer responding to requests for information from the public regarding the share structure of IJJP, there is something nefarious going on. The aforementioned articulate, well-reasoned circumstance is could likely be the very basis for the TA no longer wanting to respond to investor inquires about IJJP.
Here is the email from Transfer Online that clearly states they DO share info if the client instructs them to.
IJJP is gagging them ON PURPOSE, they could share info if they wanted to. Claiming the TA doesn't share info is incorrect and misleading. Deliberately GAGGED.
"Transfer Online, Inc. is not a public source for share structure information. We do not provide the information for any of our issuers without written permission from the issuer.
Thanks,
Mark Knight
Transfer Online, Inc.
Sent: Wednesday, March 18, 2015 4:53 AM
To: info@transferonline.com
Subject: Question regarding share structure policy
Good morning, I have a quick question about your services. If a client of yours wanted to release share structure information (OS, AS, float, etc), could he instruct you to share that information with anyone who inquired? Or is it your policy to never share any of that type of information? Basically is it company policy or client choice that results in non disclosure of that info to investors? Many thanks"
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM