InvestorsHub Logo

mretgnol

10/05/09 3:30 PM

#124079 RE: mastaflash #124073

Nope. Shares in street name don't count...no matter how real, or how many

It's actually 300 shareholders of record, not the "500" you posted.

Of course street shares count as a shareholder.

janice shell

10/05/09 3:31 PM

#124080 RE: mastaflash #124073

Shares in street name don't count...no matter how real, or how many.

That's a gray area. If you go back and look at the actual wording of the registration requirements in the Act of '33 or '34, whichever it is, you'll see that it references "people" holding stock, not "shareholders of record", as in "cert holders".