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Microcap & Penny Stocks : Amazon Natural (AZNT)
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To: Spider Valdez who wrote (12829)11/21/1998 11:10:00 AM
From: Janice Shell  Read Replies (1) of 26163
 
but janice dear you tell us dtc is just like bank.

No, actually I never did say that. But guess who did:

24 A. The DTC, the Depositary Trust Company, is a bank such as
25 Bank of America or US Bank that holds money in a stock in a

ASSOCIATED REPORTERS OF NEVADA (702) 382-8778

19
SYLVER - DIRECT

1 central pool or a vault, certificates, and keeps a ledger
2 record of what companies have different stock, IBM, or
3 whatever, Amazon, or American airlines. And they're
4 basically -- they're the custodian, so they would transfer
5 stock from one person to another.
6 THE COURT: Is it in the nature of a transfer agent,
7 is it?
8 THE WITNESS: No. No.
9 THE COURT: It's different?
10 THE WITNESS: It's a nature of a bank.
11 THE COURT: I see.
12 THE WITNESS: Just basically a bank.
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