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Wednesday, December 06, 2023 7:52:01 PM
…BEGI is actually trying to make stock trading better…
SEC Correspondence February 13, 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000009/filename1.htm
We also have the following additional comments:
ANSWER (part two, beneath each bullet pointed comment):
· Please explain the lifecycle of transactions effected on the platform, beginning with how a shareholder submits their common shares for trading on the platform (i.e., exchanges their common shares for the electronic fungible shares) to how the shareholder withdraws their shares from the platform (i.e., exchanges their electronic fungible shares for common shares).
The shareholder does not exchange their common shares for electronic fungible shares. If they hold book-entry shares of common stock, these are already electronic fungible shares that may be sent to the blockchain (BDTPTM) to be traded in the normal course on a partnering ATS platform. If they hold certificated shares, then they would deposit their certificates for common shares with their broker-dealer, who would then send the certificated shares to DTCC or the issuer’s transfer agent and receive book-entry shares via the DWAC service. The book-entry shares held by the brokerage firm in the name of the shareholder are electronic fungible shares.
The shareholder can then elect to send the book-entry shares held in its brokerage account to the blockchain (BDTPTM once it becomes operational), or to OTC Market Makers or Exchanges to execute trades. The general process is broken down below....
![Bearish](/static/images/ih2-bear.png)
Everything that I post is just my informed opinion and is simply an invitation to debate. Trade on your own due diligence please..
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