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Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?

To: sPD who wrote (618)	3/2/1998 11:22:00 AM
From: george eberting	Respond to of 8117

One more brief comment on registering shares. Almost all brokers normally hold investors' shares in the brokers' names rather than in the name of the actual owners. (This applies to discount brokers as well as full-service brokers alike). As long as they are registered in the brokers' names, the brokers can lend them to others to sell. If they were held in our names, the brokers can not lend them. I'm not sure it's always a good idea to get your shares registered, however, as it will slow down your own ability to sell quickly when you decide to, as the shares would have to be signed off by you personally. Some folks have said that a company which encourages its shareholders to register their shares is doing so to make it harder for the current shareholders to exit. I don't believe that to be the case here. George E.