Well since Francoise can get the DTC list, i'm sure the company had it as well. Also Francoise has been doing a call the certs campaign on here since early April so you'd think many an investor would have them in his possesion, not to mention that it would help the companies credibilty to list as many holders as possible(the way they list visitors to their office) so they would do all they can to count shareholder.
Another explanation, especially if you read the article on Chop Shops here
businessweek.com
and perhaps the Yahoo DYNX thread about the past patterns of the people that promote this stock, would be that many of the people that buy this overseas are never registered, because what they are buying is Reg. S shares. As long as they can be kept in the stock until it the restriction is lifted, there's no problem, but when they start demanding physical delivery(and see that restricted stamp)or try to sell out when the stocks up, then there's problems. From the DYNX thread, it looks like in the past, the powers that be, have resorted to closing offices, not answering phones, telling people it will be months before they can sell, just whatever it takes basically to keep them in the stock. That's because it won't get sold on the exchange, but back to the firm, remember it's restricted, and if it's up and falling, the firm can't buy it and unload on the next sap. They'll do all they can to say no when it's going up or sitting still, but when it's really dropping(unless it's dirt cheap and they don't care) then say goodbye to any liquidity period.
Mr. Burns |
