Here's an explanation from a ihubber
He may not be right, though....
bfly, the dtc sheets aka security position reports will show EXACTLY how many shares are held in dtc.....these are the shares held in street name by all brokers.......its the best method to determine the true and authentic float that can be traded daily.....
as an example.......say for instance the xfr agent is showing 60mil shares in the i/o......some of that may be held in free trading shares, but in CERT form.......so yes, its in the float and yes, it may be free trading.......but because its in cert form......its NOT in a brokerage account.....not in street name and would NOT show up on the DTC sheets.......therefore in that case, the float may be smaller than what the xfr agent is saying......another example would be: i/o may in fact be more than what is shown by the xfr agent if those certs have recently been deposited.........
security position report is the ONLY way to go! he can get a snapshot EVERY week on the activity for each day of the week
it will cost him $150/month.......someone buy 20 apps from him and tell him to get it done!
you guys ABSOLUTELY POSITIVELY need to know where you stand!!!!!i would INSIST on it!!!!!!
do you need the info on how to apply again?
mikey
AI
