Fuse Science Inc (DROP)

[globewatcher]

Important "shareholder of record" definitions: Found these (and similar ones) online, should explain the low-sounding number of 90 shareholders of record listed in the 10-K (make it seem clear that the number given doesn't reflect the actual number of individuals who have bought shares). Note that the occasional BOLD type is mine, to highlight some passages. Hope this helps clarify this slightly-confusing issue...
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1) "The shareholder of record is the person named on the company's books as owning one or more shares of that company's stock. Dividends or any other distributions made by the company are only made to the shareholder of record. The shareholder of record should not be confused with the beneficial owner of shares. The beneficial owner receives the benefits of stock ownership without being the shareholder of record. Brokerage houses often keep shares in a "street name" rather than the name of the shareholder of record in order to facilitate future transactions. A shareholder of record may also be called a holder or owner of record."
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2) Shareholder of Record: If your shares are registered directly in your name with the Company’s transfer agent, you are considered the shareholder of record with respect to those shares.

Beneficial Owner of Shares Held in Street Name: If your shares are held in an account at a brokerage firm, bank, broker-dealer, or other similar organization, then you are the beneficial owner of shares held in “street name.” The organization holding your account is considered the shareholder of record for purposes of voting at the Annual Meeting. As a beneficial owner, you have the right to instruct that organization on how to vote the shares held in your account.