Predictive Technology Group Inc (PRED)

[High_Profits]

taking shares back out from the broker and placed to the Transfer agent in Book Entry form

The shares cannot be sold or borrowed against in this form

the owner of the shares still owns the shares but has decided to remove them from the tradeable float

bodes confidence in the owner no need to sell in the foreseeable future

https://www.investopedia.com/terms/b/bookentrysecurities.asp

What Are Book-Entry Securities?
Book-entry securities are investments such as stocks and bonds whose ownership is recorded electronically. Book-entry securities eliminate the need to issue paper certificates of ownership. Ownership of securities is never physically transferred when they are bought or sold; accounting entries are merely changed in the books of the commercial financial institutions where investors maintain accounts.


Book-entry securities can also be referred to as uncertificated securities or paperless securities.


How Book-Entry Securities Work
Book entry is a method of tracking ownership of securities where no physically engraved certificate is given to investors. Securities are tracked electronically, rather than in paper form, allowing investors to trade or transfer securities without having to present a paper certificate as proof of ownership. When an investor purchases a security, they receive a receipt and the information is stored electronically.

Book-entry securities are settled by the Depository Trust Company (DTC), which is the Depository Trust & Clearing Corporation’s (DTCC) central securities depository. An investor receives a statement providing evidence of ownership instead of a stock certificate. Dividend payments, interest payments, and cash or stock payments due to a reorganization are processed by DTC and transferred to the appropriate investment bank or broker to deposit in the account of the securities’ holder. DTC sometimes may place temporary or permanent restrictions on certain transactions, such as deposits or withdrawals of certificates. Such a restriction is known as a chill. For example, DTC may impose a temporary chill that restricts the book-entry movement of securities, effectively closing the books and stabilizing existing positions until a merger or other reorganization has been completed.