Sunday, September 01, 2019 6:31:13 AM
Depending on the size of the acquisition coming into PBHG, the AS won't matter. But just as an FYI...
The updates of the Authorized Shares (AS) from the Secretary of State (SOS) always trumps the update from the Transfer Agent (TA). The SOS of a company is the one that feeds the AS update to the TA. This is initially done by the company and then usually the TA keeps the share structure on a regular basis. So, with the AS... the SOS is the official authority.
However, it's the other way around regarding the Outstanding Shares (OS). The TA is the official authority for obtaining the OS updates. However, the company info usually trumps what's at the TA since that info comes from the company, but I have seen where it was the other way around due to the company not having the correct info in their books for their audit trail from their internal bookkeeping.
Now that PBHG has a new TA, I'm confident that an official audit trail of their share structure will be done. There will be an official accountability of shares that will take place plus any old note holders won't be able to convert under a new management that I suspect will be taking over from the merger that's coming in like what's transpiring over at AURI per the same team.
v/r
Sterling
Exit Strategy & Etiquette Thoughts for a Stock
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128822531
I never give investing advice; only my beliefs for risks in a stock.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM