SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Naxos Resources (NAXOF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kim W. Brasington who wrote (19964)11/1/1999 7:55:00 AM
From: Max Haber  Read Replies (1) of 20681
 
Kim, your post that says "Naxos receives a record from the transfer agent" needs a little clarification.

Transfer journals, like the one Montreal Trust puts out to it's clients actually provide very little information on who is buying and selling.

These transfer journals ONLY list individuals and corporate holders that sell shares they hold in certificate form or if they are selling a private placement and or restricted stock.

Anyone who buys and sells through a brokerage firm and keeps their stock in their account would not be listed.
Only the name of the brokerage firm would be listed in the transfer journal, not the individual.

The majority of holders of Naxos I would imagine hold their stock in brokerage accounts. The days of having certificates mailed out is long gone.

Do you have your shares in certificate form? Doubtful.

Like your post says Naxos receives a record sold shares.

Naxos does not know who is buying those shares.

Neither does Montreal Trust. As is should be.

The amount of restricted and certificate shares being sold, on a percentage basis, compared to the total shares traded each day I imaging would be very small.

Personally I'm more interested in who has been buying for the last several months.

Max
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News