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russo123

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russo123

Re: FACTCHECK post# 699

Thursday, 11/11/2010 10:19:58 AM

Thursday, November 11, 2010 10:19:58 AM

Post# of 1453
That is totally incorrect. I would think if you are here representing the company you would actually check the facts.

The TA would only have shareholder names for shareholders he issued a cert to. That's it. All other shares, bought at brokerage firms, held in street name, are electronically cleared through CEDE and Co.

So all legitimate shares are not registered with the TA. The TA has no record of what happens to those shares after he cuts the cert.

This story is amazing. Even the simple stuff is convaluted.

This post is my opinion and should not be used as investment advice.

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