Replies to post #19 on Yale Transaction Finders Inc. (YTFD)

[Mr. Zen]

From my understanding,

the DTCC's subsidiary, The Depository Trust Company (DTC), established in 1973, was created to reduce costs and provide clearing and settlement efficiencies by immobilizing securities and making "book-entry" changes to ownership of the securities.

If a stock is bought or sold on the open market it goes through the DTC, I have always used the DTC number as the float, because I always thought the float cannot be higher than that.

So as it stands today, there are no DTC shares therefore no shares have been registered with the SEC as ready for sale.

This is my understanding, someone enlighten me