"Transfer Agents"
It is starting to look more and more like the rational of Imc not having a transfer agent as a viable reason for removing my stock from my account is not holding any water. The main reason is that it appears that transfer agents are going the way of the horse and buggy. Since, most stock transactions are done in "street name" and electronically through a brokerage house .. there is then no reason for an older stock like Imc to have a company transfer agent. In essence, the brokerage house is acting as the transfer agent. They would be recording your trading through monthly statements, providing materials, proxies, etc. In fact when I brought up that point that they are essentially the transfer agent the manager became very quiet. And, then when I asked if they could guide me to any of their legal by-laws regarding these sort of matters they responded with the idea ..gee I do not know because they are continually revising these sort of issues.
Nope, unless they could show me some legal stuff from the Sec or regulatory body, I have the feeling that they are walking on thin ice..
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