To: superdow who wrote (14927 ) 6/4/1999 1:44:00 PM From: David Colvin Read Replies (1) | Respond to
Superdow,I've got this strange feeling that unregistered shareholders are going to get skrewd ): unless they time their sale just right! is not true! You bought shares through your broker, and for convenience, they are held in "street name" in your brokerage account. In the final analysis you have all the rights and privileges of anyone with certificates. Furthermore, if you wanted to, you could order certificates any time you wanted (has taken 2 - 3 weeks for me in the past) via the transfer agent for shares held in a taxable account. If the transfer agent had no certificates left to print (too many requested), there would be hell to pay on someone's part...up to and including your broker going into the open market and buying real "non-phantom" shares, whatever the cost for your account and likely send some market maker the bill.Gee, I don't even know if my shares are registered? I registered the shares in one account which only held mdin but then returned the certificate when the broker informed me that I couldn't trade the shares as long as I held it any broker and sell the stock.....for that matter, you could sell them to a relative.Other shares in an IRA account were never registered for fear of violating the distribution rules.
