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That's an easy answer, but since you don't

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Eddie Vakser Member Profile
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Eddie Vakser Member Level  Friday, 11/19/21 04:12:27 AM
Re: Kool Aid Man post# 113772
Post # of 114032 
That's an easy answer, but since you don't understand any of these procedures and how compliance works, I'll explain. When FINRA finally approves the divvy's, then they calculate and send the company a request to establish and secure a block of shares that equals the formula. If the company is a little short, then the management increases the amount that would fulfill the request. Then, all the BD's will send our TA individual requests for what they show in their clients accounts. The TA, then sends a request to "escrow" the amount that would cover all those requests, and the company will do so. Then the TA, debits the account and DWACs (digitally transfers) the shares to the "holding" account that each BD can open for their own designation and retrieve all the shares for their own distribution. So, that eliminates all the "missing, lost, destroyed, and/or cancelled shares" that are out there after 12 years of NO filings. So, the shareholders will find out soon that the "float" is even smaller....

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