Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 236.15

+5.6%

9:52 AM EST

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To: Magrathea who wrote (215070)	10/27/2006 5:33:10 AM
From: ChrisBBo	Read Replies (1) of 275872

Every year a publicly held company has a stockholder's meeting. They send Proxy statements to every listed shareholder (even if they have a "IOU" from the short seller). It would seem to me that at least once a year that every company would get some idea of how many FTD's in their stock are in circulation. Are you sure ? How does a company know about the IOU's that really are fake stock issued by crooked BDs ? If they did, they would immediately know that their stock float is bigger than the amount issued by themselves. Effectively, that someone is issueing stock in the company's name - stock that the company could have issued to raise funds, instead of having to go to the banks to borrow money. I doubt a company would let themselves be continously robbed if they knew about it. Does a company even know about the legit IOU's that are backed by real stock ? I thought all this was handled by the corrupted, not-really-regulated system of the DTCC and the BD wild-west. What I thought scary, was the estimated percentage of all traded stock that might be FTDs. I think the author should have considered that the FTD concept only is really effective for stock that doesn't pay dividends. So, if dividend paying stock is excluded from the calculation, what percentage of your average, non-dividend stock might be FTDs ?

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