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To: TraderGreg who wrote (3161)	8/19/1998 7:05:00 PM
From: jmhollen	Respond to of 9824

I have to admit that I am not fully aware of all the manipulations that can happen to shares. I still think the same process would work - with a few modifications. The world is moving to "IP" addresses for everything. Every share stock and type should have an IP number (easy to do, there are billions and billions of numbers available (ie = 9999.F7E2.9DC4.1234.1234.1234.1234.1234 [hexadecimal]). 9999 = registered stock code F7E2.9DC4 = registerd company (8 to the 16th companies) balance = humongous amount numbers To issue any/more shares a company would apply for a matching series of numbers = equal number of shares. Trades should be identified as buy, sell, sold short and the stock certificate IP numbers would be accessible in the transaction records. Damn hard to phoney up an SEC registered number without exposing yourself to a terminal vacation at the Millken School of Golf and License Plates. Lending your shares to someone should constitute a transfer, and some sort of "power of attorney" with IP numbers should be attached to it. Cuts out all the crap! same deal...... If a share exists, it should be clearly recorded and tracked. If fiddle-fuddling is suspected you call the SEC and request verification of numbered shares, and where they are supposed to be vs: where they came from. The numbering system would be transparent to daily business; but rock hard if funny business is suspected. With todays computers - this stuff is childs play; but you'll hear the slimeballs in the industry scream if they move towards doing something like this. Honest people wouldn't care/would cooperate; slimeballs will be out of business!