Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Non-Tech : USAB - USABancShares.com -- Ignore unavailable to you. Want to Upgrade?

To: Tom Borst who wrote (2019)	9/18/1999 7:46:00 AM
From: PRATT9999	Respond to of 2419

Also the volume still hasn't been great. I just think we're still unkown. I time will come when that all changes. Until then I'm still buying below 10. I did buy some at 14 but am confident that I'll be positive on those also before end of year.

To: Tom Borst who wrote (2019)	9/18/1999 7:34:00 PM
From: Michael Lipman	Read Replies (1) \| Respond to of 2419

This explanation by Peter Mc Auley may be helpful: >>>> The sec filing states that there are 209 holders of stock. However this does not necessarily mean that there are just 209 actual holders. Take for example Datek. They buy and sell shares on my behalf and hold the shares in a nominee account. They are the stockholder of record and any of their clients that hold stock are not individually numbered as a holder of record. Therefore if Datek have 50 clients that have USAB stock, it is only counted as one holder of record. In this case every online broker is numbered but my guess is that there are in the region of 5,000 actual holders of the stock. (Note the very many 100 & 200 share trades on level 2) <<<< When proxy information is sent out, however, all shareholders receive them. I wonder if this information is reported back from the brokerage to the company and these individuals are included in the count or if they are counted as 1 and the broker just requests multiple reports from the company. My guess is that it is the latter for stock held by brokerage firms in street name (the usual case). I personally know 10 people who own the stock outside of those on this board, institutions and the insiders. I would guess that there are somewhere between 209 and a thousand holders of the stock. Michael Lipman