That's great except that the process is still loose, not very secure and Island won't be able to distinguish where shares come from if a shareholder has multiple accounts in DRS format - i.e personal and IRA's based on what Island related to me today. So when they send the book entry confirmation, the broker - Fidelity as an example, won't know what acct or where to apply the certificates once received.
Ken can say what he wants about Island not controlling the exchange for Graffiti, but the process of conversion starts with Island and they are not comfortable with the process either.
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