Both you and SEC say I'm a shareholder of record. Sounds good to me. DTC won't like that at all. 1.2B shares 'owned' on an OS of 4M. All shareholders of record. How can that be?
...lets see...250M PinoShares....in the system as real because the DTC said they were...hypothecate those into 1.2B IOUs...as long as there isn't a rush on certs...no problem...but wait!...the SEC took away the Pinoshares! Result NOT ONE shareholders of record positions, not part of the pre-Pino holders, is backed by real shares.
A game of musical chairs...SEC took all the chairs away!...
...when BCIT trades...the music stops...
The Sheep, and the CEO. Are we the only parties to this cluster**** that did nothing wrong?
Sure looks that way.