Green Star Products Inc (GSPI)

[Trevor11]

GSPI: in the spotlight for distributors..."Book Entry", DRS system for shares...easier for our shareholders



Green Star Products Inc.
@CEOGSPI
·
18h
$GSPI is getting attention! Investor prelim meeting opened doors! Ready for phase 2, when our new branding puts us in the spotlight for distributors. Applying this week to move up to "Book Entry", DRS system for shares. Making things easier for our shareholders. Busy week ahead!

Source: https://twitter.com/CEOGSPI










Book-Entry Securities
By James Chen

Updated June 26, 2019


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...

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



Investors who use this direct registration system (DRS), a service offered by the Depository Trust Company, to become registered holders receive a statement of ownership attesting to the number of shares they hold, rather than a physical stock certificate.

Registered Holder Definition - Investopedia

Source: https://www.investopedia.com/terms/r/registered-holder.asp