Castle Brands Board (ROX)

[someconcerns]

Sometimes inexperienced investors get confused as to the number of shareholders companies like ROX has.

When counting shareholders, the hundreds of us who hold our shares at Fidelity are shown as just ONE shareholder of record. Same is true for those at TD, Morgan Stanley, etc. ONE shareholder of record - the brokerage house - is all that is shown. Since your shares are held in "street name" whether they are in a cash account, margin account, IRA or whatever, you can put in your order and sell on the spot. Or buy as the case may be.

On the other hand, if you get your shares delivered to you in certificate form YOU count as one shareholder. Of course, if you do this and want to sell your shares, you have to get the signed certificate back to the broker, wait three days for the shares to be put into street name and only then can you sell.

Even tho I am a long term holder of ROX, I still like the security of keeping them at the broker. I lost a certificate once, roughly 50 years ago, and I had to go thru a whole long process to certify that and get a replacement.