op9
IMO...if there really was cause to have a bit of hope for the shares we hold in BCIT, there would be more active and evident involvement and efforts on behalf of those directly responsible for the company itself.
See correspondence below regarding certs for BCIT.
3. All publicly traded securities trade as book entry from firm to firm as far as I know.
There may be some special situations that I’m not aware of.
Some companies will still issue certificates upon client’s request, but of course there is a charge to do this.
2. They are called book entry securities. When you do a wire transfer of funds, dollars aren’t delivered it’s a book entry… Well securities trade the same way. In your case a firm promised delivery of the shares to cover your purchase, but failed to deliver. This fail was carried on our books and their books since the trade date of your purchase.
1. You do not hold certificates for shares. When shares are held in street name they are book entry securities. It shows up in the books as Morgan Keegan and to further this thought on MK books it’s “custodian for Mindy Clem”. There are no physical certificates. These days there are many companies that do not issue certificates for there stocks any more. If you hold a position in your MK acct and you would like to get a certificate I would have to request this to happen and there is a charge of $150.00 per certificate. Since BCIT is a worthless security it is impossible to request a certificate for a company that doesn’t exist.
Sorry, I can’t be more helpful with this, but there isn’t anything I can do.
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