Wednesday, August 10, 2011 12:51:39 PM
The brokerage firm (or the majority of them) then deposit the certificates into the DTCC system. The reason for this is to streamline the transfer process and accommodate the 3 day settlement process. When investors buy and sell shares of a public company in the open market, the shares are added and subtracted from the brokerage firm account through the DTC system.
The OBO list will only reveal shareholder information on the date of that list. You would need to see lists from Jan., Feb., and March to track the selling of TMSH stock and those OBO shareholders will not appear. Thus it is almost impossible to track who dumped those 11,000,000 shares into the float!
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