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Re: Acc441 post# 101194

Monday, 10/03/2011 7:32:27 AM

Monday, October 03, 2011 7:32:27 AM

Post# of 103340
OK, say a company announces they are retiring shares of it's common stock. In the past I was under the impression the shares in question were first sent to the company's transfer agent. So the the company's TA receives x-amount of share certificates back in their possession. From there the TA's responsibility was to make these shares null and void and this got done by the TA stamping each share certificate as "cancelled".

In Expo's Holdings case I am not convinced yet that the "stamped canceled" part was ever done.

If you have integrity, nothing else matters ~ If you have no
integrity, nothing else matters. Churchill