Dear Friends,
I respectfully ask all of our readers to either take delivery of your paper certificates or become book entries on the book of the non-financial entity transfer agent for all of your junior mineral industry company shares. The latter is best for anyone who has a somewhat difficult time keeping track of things.
Those of you using margin accounts are, as a product of that, allowing your brokerage firms to lend your shares to other brokers to cover short sales of your company.
Two goals are accomplished by the above. First and foremost it eliminates any financial agents between you and your shares. The second thing it does is make it more difficult for those who have played the short side of all mineral companies.
You would make the management of your company?s job easier if you would consider doing this.
Thank you,
Jim Sinclair
Dear Jim,
As you probably know, publicly traded companies are required to offer book entry registration of shares via the Direct Registration System (DRS). When shareholders request their shares be registered as a book entry, they become registered shareholders and clients of the company?s Transfer Agent.
Computershare sends statements to clients (shareholders). If a book entry registered shareholder wishes to negotiate their shares, they can request from Computershare the linked below DRS Direct Transaction Form. Once the form is completed and returned to Computershare, the shares can be negotiated as they request. Other transfer agents have similar forms for their respective companies.
I trust this is helpful to some of the CIGAs,
CIGA Helen
Click here to view Computershare?s DRS Transaction Form in PDF format