Replies to post #118354 on Southridge Enterprises Inc (SRGE)

[stervc]

terry_mathews, with the dividend & Transfer Agent (TA)...

Again, this is going to be another one of those "wait and see" situations to see exactly how things will transpire. SRGE has a Transfer Agent (TA), but at any time SRGE deems necessary, they can officially act as their own TA. I have been in very few stocks over the years that have done such, but it's the company's discretion to do such.

This "could" be why the TA claims they have never received a cash distribution from SRGE as you have stated. The TA is usually the one who makes the dividend payment, but that is not always "100%" the case. We should know more once the suspension is lifted in my opinion, if not sooner.

Companies being their own TA is per SEC and other sources:

http://www.sec.gov/answers/transferagent.htm

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.

http://www.investopedia.com/terms/t/transferagent.asp#axzz2HY05RRmU

...Some corporations choose to act as their own transfer agents, but most choose a third-party financial institution to fill the role.

Below is a good link to help one to understand the difference between choosing to "In-House or Outsource" functions that investors have become accustomed to seeing TA's perform:
http://www.stocktransfer.com/index.cfm?action=companies.needaTA.inHousevsAgent

On another note, this is why "officially" the first line of believing what a company's share structure is, should be "what" the company says it is. This is why when a TA says to refer to what the company is saying what its share structure is, it should not be downplayed to not hold merit.

v/r
Sterling