ProText Mobility Inc (TXTM)

[Maxinvestor89]

I could agree with you on pretty much everything you are mentioning, BUT...

I highly suggest you go look what securities "Held of Record" means

Record holder = Shareholder of Record = Record Shareholder = Stockholder of Record

Record = "Entry" on the "ledger" at the Transfer Agent

A Shareholder of Record is a person or entity that holdstock UNDER it's OWN NAME, NOT A under a NOMINEE (unlike shares held through Online Brokerage, which are actually held under Cede&Co, the DTC nominee)

The 77 shareholders of Record is what counts for triggering the mandatory SEC reporting obligation

Yes, one broker count as 1 shareholder of record, regardless of how many customers that hold a specific stock they have.

If all the Beneficial Owners (which everyone holding shares through a broker is) would count in that 2000 or 500 shareholders there are so many companies that would be forced to become SEC reporting, it wouldn't even be funny...

Also a stock could be Penny STOCK Exempt, even have 2000 shareholders of record or 500 non accredited shareholders of record and still not trigger the SEC reporting requirements (there are other criteria than just Assets value $, for Penny Stocks Exempt status, and these criteria wouldn't trigger any reporting obligation toward the SEC)