To: Spider Valdez who wrote (7422 ) 9/29/1998 12:37:00 PM From: tonto Read Replies (1) | Respond to of 26163
Spider, how will AZNT function as their own in house agent? Let us consider a few questions and answers:What are "Transfer Agents"? Transfer agents are specialists hired by public companies. They keep shareowner records and issue new certificates. They distribute proxies, dividends, and annual reports, and they forward company correspondence to shareowners. Transfer agents seem almost invisible. They number in the hundreds in the United States and they serve more than 200 million shareowners. As a public company in the United States, do I need a transfer agent? Yes.If I want to maintain the transfer agent function in-house, what's involved? While some large companies maintain in-house transfer agent services, it is not the norm. Transfer agents provide highly specialized services governed by stringent SEC regulations. Few companies - especially smaller or start-up companies - are positioned to undertake such critical services on their own. Acting as your own transfer agent requires a substantial commitment of time and resources within a highly organized business structure. For how long do I need a transfer agent? For as long as you have shareowners. Consider your transfer agent commitment as a long-term relationship. If you want to change transfer agents, it's prudent to get professional assistance to avoid problems in file balancing, records retrieval, shareowner communications and other unforeseen complications. Now, let us discuss AZNT. Who has the training or knowledge in house? How many are required to do an excellent job of servicing the shareholders and maintaining excellent records? Why do independent transfer agents from different parts of the country have problems with this little penny stock?