Wednesday, November 11, 2009 9:27:32 AM
Most people hold their shares in street name.
They do not request or have certificates.
And because of that it would be very easy for shares to be fabricated by a broker.
Example:
Broker A sells a short position to Broker B that only sells thru Broker C.
Broker A and Broker B are the owners of record.
Shareholders at Broker C are not on the list.
And when Broker C is identified,Broker C will identify Broker B who will identify Broker A.
Otherwise Broker A and Broker B receives dividend.
And those who bought at Broker C will be told that company did not issue them dividend.
I can hardly wait 2C what happens with Broker C.
Get it ?
Ehyy !!!
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