News Focus
News Focus
Replies to #11992 on Ekwan-X (EKWX)
icon url

TEXASOIL

04/07/10 1:18 PM

#11998 RE: persistent #11992

Good Work. I'll bet the O/S is 620 million. And of course he is gaged. He can not say anything right now. The legal R/M has not happened. If you read the PR from PSC they said the R/M would be signed sometime this week! Its all coming together now IMO.
icon url

Willboat

04/07/10 1:19 PM

#11999 RE: persistent #11992

FWIW
The Registered Agent is not the same as the Transfer Agent.

A registered agent, also known as a resident agent[1] or statutory agent,[2], in United States business law, is a business or individual designated to receive service of process (SOP) when a business entity is a party in a legal action such as a lawsuit or summons.[3] The registered agent's address may also be where the state will send the paperwork for the yearly renewal of the business entity's charter. The registered agent for a business entity may be an individual member of the company, or (more often) a third party, such as the organization's lawyer or a service company. Failure to properly maintain a registered agent can affect a company negatively.[3]

Companies that have publicly traded securities typically use transfer agents to keep track of the individuals and entities that own their stocks and bonds. Most transfer agents are banks or trust companies, but sometimes a company acts as its own transfer agent.

Transfer agents perform three main functions:

1.Issue and cancel certificates to reflect changes in ownership. For example, when a company declares a stock dividend or stock split, the transfer agent issues new shares. Transfer agents keep records of who owns a company's stocks and bonds and how those stocks and bonds are held—whether by the owner in certificate form, by the company in book-entry form, or by the investor's brokerage firm in street name. They also keep records of how many shares or bonds each investor owns.
2.Act as an intermediary for the company. A transfer agent may also serve as the company's paying agent to pay out interest, cash and stock dividends, or other distributions to stock- and bondholders. In addition, transfer agents act as proxy agent (sending out proxy materials), exchange agent (exchanging a company's stock or bonds in a merger), tender agent (tendering shares in a tender offer), and mailing agent (mailing the company's quarterly, annual, and other reports).
3.Handle lost, destroyed, or stolen certificates. Transfer agents help shareholders and bondholders when a stock or bond certificate has been lost, destroyed, or stolen.
icon url

marygrace

04/07/10 2:12 PM

#12059 RE: persistent #11992

Thanks! I had to go out for awhile. Just trying to catch up on the posts...guess nothing further has been found. I know, that Scott sure was angry sounding (on paper!), LOL. Almost threatening. I guess he's been getting alot of calls, emails. He should talk to someone else, if he's having an information problem. Yelling at me isn't going to make it go away......just the opposite! LOL
Have a good one......I'm with you, I'm waiting for the last chapter. Got my investment back plus a nice chunk.........
icon url

TimeStandsStill

04/07/10 4:15 PM

#12192 RE: persistent #11992

+2, this is going to get real interesting soon especially when the cats finally gets out of the bag. These are so much fun to watch after you pull your initial investment out, great way to pass the time.....Enjoy.......All or none


Semper Fi