Replies to post #33992 on Kraig Biocraft Laboratories Inc (KBLB)

[first mike]

Hi es1,

I think "shareholders of record" really means at the time that they called the TA there were that many. 5 min later it could be 2 times that or half that.

It is an indicator of one thing. The amount of "longs" here can not be much lower or higher then that number. I am under the impression that a TA has an actual share holder account for each share of a company. That is what they are there for. I do not think that Etrade has 200 people long on KBLB and they are registered as 1 share holder of record. I could be wrong but I am sending in a request for the answer to that question.

Thank you for making the inquiry.
The response will hopefully answer the question of etrade vs john doe.

Mike L.

[rayovac812]

I do not think that Etrade has 200 people long on KBLB and they are registered as 1 share holder of record. I could be wrong but I am sending in a request for the answer to that question.

I will not write something as a fact if it isn't so. I have already checked and Muredskin can verify as well. It has been discussed and verified with those shareholders of record,(brokers) on other boards. No harm in rechecking my DD, and you should. For the record I have 10 folks in this stock and most of them have scottrade accts. I have 2 different broker accts, so I am included in 2 of those shareholders of record. There are enough shares of KBLB to have thousands of shareholders and it is my guess we are very close to having 1000, if not more. Same with HDY.....very few shareholders of record....but check out the numbers of people that read the HDY boards on IV. (over 1100 regularly, and it hit 1700 this week) I am sure each of them have a vested interest, or are looking to buy. HDY almost has 1/3 the shares of KBLB. 50% are owned by institutions. Again each of those institutions count as a shareholder of record, though they have many clients that they sale those shares to within their own systems. There is a good reason they are called shareholders of record. Those shares that they hold can be shorted/borrowed, they can do anything they want with them. If it is an IRA acct or cash acct that you have your shares in, then they cannot lend your shares out.(legally) They must contact you and make you an offer to use your shares to short. They then will pay you a percentage of money for the use of your shares. Beware though, if you do lend out your shares you lose voting rights for those shares. Folks on the HDY board were offered 14% for the use of their shares for lending. That percentage depends on how difficult it is to borrow any given stock. This too can all be verified with your broker. The rules for brokers vary according to the agreement you signed with them.