LilPork....your letter from e-Trade supports one hypothesis that BKMP's Transfer Agent is requiring proof of location of BKMP Common before remitting BKMPP certificates .
Several companies are enacting the NOBO process to determine
the NSS positions in their equities , and some of those companies are having a positive effect on their stock's PPS .
Personally , I like BKMP's strategy as being more effective than the NOBO strategy insomuch as the BKMPP are granted to EVERY shareholder who held BKMP common stock as of September 15th , whether NON-objecting ( NOBO ) or Objecting ( OBO ) .
It is paramount to recognize that once the NASD validated BKMPP as a separate entity from BKMP , they also validated
that EVERY common shareholder of BKMP is entitled to a full alotment of BKMPP in direct proportion to the amount of BKMP held on September 15th . Apparently , but CLEARLY , the Brokerages are unable to provide the full alotment of BKMPP and they are providing exculpatory reasons ( translated as BULL HOOIE !!! ) for being unable to do so .
Since ALL Brokerages are mandated by their Registrations to GUARANTEE lawful ownership of EVERY BKMP common share held
in their accounts , by the validation of BKMPP by the NASD the Brokerages are ALSO mandated to GUARANTEE lawful ownership of BKMPP in full proportion to the BKMP held on September 15th , to my interpretation of their Registration obligations .
As I and a few others have argued , the Brokerages have a
legal obligation to provide BKMPP to EVERY shareholder of BKMP but they are being effectively stymied by BKMP and their Transfer Agent . In my opinion this APPARENT strategy by BKMP should be much more effective than other companies enacting the moderately successful NOBO , to determine the full tally of ALL BKMP common shares , comprising REAL and NSS .
I will surmise that the Brokerages' requests for BKMPP have highly exceeded the 134 trillion set forth for 13.4 billion or otherwise revised OFFICIAL outstanding shares , and I further surmise that BKMP has directed their Transfer Agent to only remit BKMPP for LOCATED BKMP common shares ......therefore and consequentially we have the impasse .
If the SEC would do their #*#@@*# commissioned jobs to FORCE accountability on the omnipotent Brokerages to resolve this predicament regardless to financial costs for any and all NSS , then this issue would become resolved quickly .
To BKMP .....get a Court Ordered subpoena to FORCE the Brokerages to comply with disclosure , and then petition the SEC to enforce a remedy that regards public investor protection .
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