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Preacher

10/19/17 1:18 PM

#11953 RE: totffe #11949

What is the S/S?

Major Profits

10/19/17 1:19 PM

#11954 RE: totffe #11949

Yeah, but that is sometimes outdated. But (and I'm not positive with this) isn't it the TA's job to keep up-to-date/current with the share structure no matter if the company is current on their financial filings or not?

https://en.wikipedia.org/wiki/Stock_transfer_agent

Functions

Public companies typically use transfer agents to keep track of the individuals and entities that own their stocks and bonds. Most transfer agents are also banks or trust companies, but sometimes a company acts as its own transfer agent.



Transfer agents perform three main functions:

1. Issue and cancel certificates to reflect changes in ownership. For example, when a company declares a stock dividend or stock split, the transfer agent issues new shares. Transfer agents keep records of who owns a company's stocks and bonds and how those stocks and bonds are held—whether by the owner in certificate form, by the company in book-entry form, or by the investor's brokerage firm in street name. They also keep records of how many shares or bonds each investor owns.
2. Act as an intermediary for the company. A transfer agent may also serve as the company's paying agent to pay out interest, cash and stock dividends, or other distributions to stock- and bondholders. In addition, transfer agents act as proxy agent (sending out proxy materials), exchange agent (exchanging a company's stock or bonds in a merger), tender agent (tendering shares in a tender offer), and mailing agent (mailing the company's quarterly, annual, and other reports).
3. Handle lost, destroyed, or stolen certificates. Transfer agents help shareholders and bondholders when a stock or bond certificate has been lost, destroyed, or stolen. Also a medallion signature stamp officer is the transfer agent.
4. In the UK, Registrars perform a similar role, although there is no medallion stamp signature process.

A public company usually only designates one company to transfer its stock. Stock transfer agents also run annual meetings as inspector of elections, proxy voting, and special meetings of shareholders. They are considered the official keeper of the corporate shareholder records.




justanotherfigment

10/19/17 1:32 PM

#11958 RE: totffe #11949

You be sure to call the TA and report back with the SS, mate. I just bet you won't/Can't.. LOL

The S/S is readily available from the OTC



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