Sulja Bros. Building Supplies, Ltd (SLJB)

[KingsKnight]

Good Post There K1..

When you think of it, so many brokers have consolidated in that time. One account just passes from broker to broker as they are sold. Very few brokers are still the same that these shares would have been bought on...

If someone actually dies, the brokerage really doesn't know, the accounts just sit. So unless the family goes & digs into the affairs of the deceased they may not find that they had brokerage accounts etc. It's really strange when you think of it. And then who would think of these things when essentially it was worthless at the point it existed...

So the time marches on, and I do believe that many account are either inactive, dormant that very well could be holding millions of these shares, that are as you said phantom, because the access to them might be lost or forgotten.

That person you mentioned with 32M shares,,..that's a 1/4 of the float right there, and worth a good amount, but without access, it's just vapor shares. It's crazy to think people can pass on with millions of dollars in a brokerage account & it can just sit there & no one knows, but I am sure it happens. Your 32M guy just needs a few more upticks & he would have that in an account...Crazy!!