Hey lowman, that doesn't make a lot of sense to me?
Somebody please correct me if I'm wrong but the TA should have nothing at all to do with being able to or not being able to issue shares. The TA doesn't issue shares to brokerages. The TA has no shares to issue... this is the responsibility of the broker! The 45mil shares out there have already been issued by the TA.
The only time the TA issues shares is when directed to by Keith Anderson. Example, if Keith works a deal that requires the issuance of 100k restricted shares, Keith will tell the TA to issue 100k of 144 restricted stock to John Smith. That is the ONLY time the TA issues shares.
Right now with the cert requests, the TA's "job" is to CONVERT shares held in brokerage street name to an investor name. The TA will get shares from say, E*Trade or their MM in street name and then convert what is necessary out of that cert to the investor name and the remaining back to street name (if there is any). This is a PITA which is why it costs for most $50. I'm not certain how this part works but am pretty sure the TA doesn't issue shares at the request of a brokerage so the brokerage telling the customer he can't get his cert because the TA won't issue anymore shares is BULL.
Correct me if I'm wrong but the only "customer" a TA has is the company they work for. The TA has no connection to a brokerage other than to do covert street name shares to actual name shares at the brokerage's request.
Like I said, somebody please correct me if they have more information but this is my understanding on how it works.
AI
