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creakyhottie

04/13/21 2:26 PM

#16706 RE: TripTrap #16704

I am not sure a vote would accomplish anything. I read a while back of transfer agents shaking their head and unable to figure out how there are more votes counted than shares in existence. keep in mind, all a buyer gets is an electronic marker in his account. So if you are buying shares, of which the seller is naked shorting, you have no way of knowing that there is no real certificate backing your buy.

Only if all shareholders demanded their certs, would the brokerage company realize they have a problem. At that point, they will claim they can't send you the cert or tell you they will change $$$$ for delivery.

A dividend orv a CUSIP # change, can force the issue, as everyone with markers in their account will demand a dividend payment from broker, who will have to go after the NSS party to collect it.