What is a transfer agent?
A transfer agent and registrar is an entity that keeps records of every outstanding stock certificate of a publicly-held company and the name of the person to whom it is registered. Please note, however, that the transfer agent does not maintain records of shares bought and sold through brokerage accounts and held in "street name." Those records are maintained by the specific brokerages through whom shares are bought and sold.
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.