Bonds.com Group, Inc. (fka BDCG)

[TEX]

IPOR/IRUA: certs, schmerts...

talked to the IR peeps today, several conversations. Nobody knows anything blah blah, till I finally get a guy who maintains that securities attorneys with "30-years' experience" are involved, and they believe it's legal to cut off the roundup at the "broker/dealer level."

This is because the DTCC gets involved and somehow the term "shareholder of record" translates to your broker instead of our beneficiary/street shares.

The guy told me DTCC is a pain in da ass, but they win.

I say bull--DTCC is supposed to guarantee delivery of shares, not interpret filings. They (DTCC) are not supposed to "intercept" my shares and reduce my holdings. It's as if I bought 2,500 shares of "xyz" and DTCC says, "Sorry, you really only bought 250 shares."

DTC needs to quit sticking its big nose into interpretation.

If we can't trade freely at "street-name" level, then what? Pull certs on every trade?