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Re: J_Dean post# 625

Thursday, 01/04/2024 1:03:03 PM

Thursday, January 04, 2024 1:03:03 PM

Post# of 661
Happy New Year J !! 😇 Yes converting stocks to certificate form has always been a very good idea. The DTCC (Depository Trust Cede Corporation) is now being called the Depository Trust and Clearing Corporation. They are now cleverly calling it the "Clearing Corporation" to manage the public's perception and hide what it actually does. "Cede" is a term which means you've given your stocks to them in hopes they will do the right thing down the road. I've been studying them for years. Everybody's stock has been ceded to them. It's all written into law. Maybe .01% of investors know what goes on concerning them. The DTCC retains registered ownership while we peasant investors have the designation of beneficiary of the instruments. We only benefit if they keep proper records of all stock transactions which they don't. It is estimated that only 25% of the hundreds of millions of transactions that take place daily are properly cleared with an audit trail to the right owners. In the event ownership cant be traced we are out of luck because we ceded our stocks to them in street name. This corrupt practice is what makes naked shorting so easy for the criminals that rig the markets to their huge benefit. Brenner would not have been able to do what he did if the DTCC weren't in business. 10 years ago I learned what the DTCC was really about. I converted all my Hellix stock to certificate form in my name with serial numbers. My brokerage did it for a very reasonable price. Moving forward as I acquired more and more Hellix the brokerage wanted more and more money. My last conversion cost me a whopping $ 500 and I had to twist arms to get them to do it. As time progressed more and more companies were driven into penny stock status (Hellix) because of criminal naked shorting. ALL the brokerages decided to block conversion of penny stocks into cert form. I know because I called them all in an attempt get all my remaining shares out of the DTCC hands. As a result I was only able to get around 5% converted into cert form. Here's a link to an excellent 2008 article about the DTCC if anyone wants to read it. http://tinyurl.com/ywj9ahaz -Lamont