Signature Devices Inc. (SDVI)

[klhurley]

You have it backwards, CEDE is the company that holds certificates for the brokers and is what's in their electronic transfer system.

So 55% is in that system as free trading shares. When you buy or sell, shares are electronically transferred and CEDE may have the transfer agent reissue certificates if a broker's holding amount changes significantly.

They are known as the clearing firm.