Final Assessment:
One really has to be on the downside to consider the ramifications of topics like transfer agents and the grey market. But, when your hard-earned money is concerned it pays to be fully informed. I finally found what i was looking for with the transfer agent question. There no federal law that requires a company to have a stock transfer agent. However, if they do not have one an investor cannot be issued stock certificates or transfer certificates. Electronic brokering eliminated all those problems years ago.. so it appears to me to be illogical policy rhetoric to say that because a stock does not have a transfer agent it is then non-transferable (who cares i do not hold certificates) and we well remove the stock from your account.
And, then you have the "grey market" sigh. As far as I know a company can keep trading even if it is "defunct". As long as its registration is not revoked, deregistered, or they have been liquidated.. then there issued shares can be traded. They could be traded between brokerage houses or whatever. In fact, IPO's are often traded on the greys before the go public. Just how that is done, i do not know. So, I guess the bottom line is it is not over until it is over..
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