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Tuesday, February 02, 2021 2:47:33 PM
"Street name shares: This category covers shares that are held ‘in custody’ in brokerage or investment firm accounts. These shares are not registered in the individual owners’ names but instead are registered in the (Wall Street) investment firm’s name – where we get the term ‘street name’. The investment firms are responsible for keeping track of share ownership for each of their clients so at the close of each day they can tally the shares held by each of their clients in each security.
To keep track of all of the street name holdings, each firm or custodian holds their shares in accounts at the Depository Trust Company (DTC), or its nominee, Cede & Co, which serve as the central depository institution in the US. As a result, DTC is the holder of record for most public share holdings."
The nominee or “street” name used by the Depository Trust Company (DTC) for registering shares held by it. “Cede” is short for Central Depository.
I hope these facts stop the nonsense about adding 15,000 new shareholders after the patent was granted - if so the price would have gone much higher and stayed at the higher price much longer.
IG
Get ready scammers. Hell is coming to breakfast.
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