To Ronald and All:
I would like to address the letter received from Les Price and my previous post #16198 pertaining to Medinah Gold Certs. The following portions of this letter are of concern to me:
Message 10289333
:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
Included in the distribution was the application number of shares registered to Cede & Co. of New York, who hold the shares for their member brokers including such firms as Charles Schwab and Company, Inc., National Discount Brokers, etc.
It was, is and remains the responsibility of the individual broker firms to obtain from their agents, Cede & Co., the applicable number of shares that you might be entitled and deliver same to you forthwith.
If we can assist you in you pursuit, we would be pleased to co-operate, however, your ownership and entitlement remains with your broker and it is their responsibility to obtain your shares from Cede & Co.
Thank you,
Yours truly,
Les Price
::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
I have since met with my broker addressing Cede & Co. Upon my visit, I presented him with the letter mentioned in my previous post. After previewing it, he then stated that he never heard of Cede & Co. He checked further on my inquiry and came back with the address of the transfer agent and claimed that is all he could give me. Later I performed some internet research of my own and verified for myself this mysterious entity. IMO, my broker knew damn well who Cede & Co. was, but was not willing to let me in on the connection.
My question is; has anyone else been given this run around? I have a little DD on this "Cede & Co." that I will post shortly for your reading pleasure.
dd
|
