NGIO/NUGX conundrum.
1st: The last paper stock certificate was issued in 2013, so there is no NuGenerex paper certificate. https://www.investopedia.com/terms/s/stockcertificate.asp
2nd: The ticker symbol is not part of (listed on) the stock certificate. https://finance.zacks.com/included-stock-cert...10377.html
3rd: The transfer of stock is all electronic. https://www.investopedia.com/terms/b/bookentrysecurities.asp
4th: The Depository Trust and Clearing Corporation (DTCC) handles the electronic paperwork. https://www.investopedia.com/terms/d/dtcc.asp https://www.securitieslawyer101.com/blog/what...es-lawyer/
5th: Generex is listed with the DTC https://www.otcmarkets.com/stock/GNBT/security and Securities Transfer Corporation https://www.otcmarkets.com/learn/service-providers/5149?t=6 (click “MORE” to get to the “Gs”)
6th: NuGenerex OTC NUGX has no reference to the DTCC. https://www.otcmarkets.com/stock/NUGX/security and is not listed with the Securities Transfer Corporation https://www.otcmarkets.com/learn/service-providers/5149?t=6 (click “MORE” to get to the “Ns”)
7th: Per 6/12/2020 10-12G/A https://www.sec.gov/Archives/edgar/data/18045...orm10a.htm
(a) Market information
Our common stock is not trading on any stock exchange, quoted on any interdealer quotation system and there is no established public trading market for the class of common equity.
(b) Holders.
As of June 10, 2020, there are approximately 477 record holders of an aggregate of 400,000,000 shares of our common stock issued and outstanding.
8th: The ticker symbol whether NGIO or NUGX is just a stock exchange reference. Think of it as a person named (birth certificate) William. His friends may call him Bill, at work he is called Will and at home he is Dad and Honey to his wife. All the same person.
The problem is not the Ticker reference NUGX, that will be corrected with the IPO, The problem is WHO and HOW, if at all, is the stock ownership being transferred? If the DTCC is not involved, which I have not found any reference that they are, after you buy NUGX shares, are shares being actually electronically transferred to your name and account? Do you actually have legal ownership? Who do you go to and is responsible if after the IPO and NGIO ticker correction, you don’t have actual ownership/stock transfer for the NUGX shares you paid for?
More OTC reference material:
http://www.nonamestocks.com/2016/10/brokerage...-dark.html
https://www.finra.org/filing-reporting/market.../otcbb/faq
1st: The last paper stock certificate was issued in 2013, so there is no NuGenerex paper certificate. https://www.investopedia.com/terms/s/stockcertificate.asp
2nd: The ticker symbol is not part of (listed on) the stock certificate. https://finance.zacks.com/included-stock-cert...10377.html
3rd: The transfer of stock is all electronic. https://www.investopedia.com/terms/b/bookentrysecurities.asp
4th: The Depository Trust and Clearing Corporation (DTCC) handles the electronic paperwork. https://www.investopedia.com/terms/d/dtcc.asp https://www.securitieslawyer101.com/blog/what...es-lawyer/
5th: Generex is listed with the DTC https://www.otcmarkets.com/stock/GNBT/security and Securities Transfer Corporation https://www.otcmarkets.com/learn/service-providers/5149?t=6 (click “MORE” to get to the “Gs”)
6th: NuGenerex OTC NUGX has no reference to the DTCC. https://www.otcmarkets.com/stock/NUGX/security and is not listed with the Securities Transfer Corporation https://www.otcmarkets.com/learn/service-providers/5149?t=6 (click “MORE” to get to the “Ns”)
7th: Per 6/12/2020 10-12G/A https://www.sec.gov/Archives/edgar/data/18045...orm10a.htm
(a) Market information
Our common stock is not trading on any stock exchange, quoted on any interdealer quotation system and there is no established public trading market for the class of common equity.
(b) Holders.
As of June 10, 2020, there are approximately 477 record holders of an aggregate of 400,000,000 shares of our common stock issued and outstanding.
8th: The ticker symbol whether NGIO or NUGX is just a stock exchange reference. Think of it as a person named (birth certificate) William. His friends may call him Bill, at work he is called Will and at home he is Dad and Honey to his wife. All the same person.
The problem is not the Ticker reference NUGX, that will be corrected with the IPO, The problem is WHO and HOW, if at all, is the stock ownership being transferred? If the DTCC is not involved, which I have not found any reference that they are, after you buy NUGX shares, are shares being actually electronically transferred to your name and account? Do you actually have legal ownership? Who do you go to and is responsible if after the IPO and NGIO ticker correction, you don’t have actual ownership/stock transfer for the NUGX shares you paid for?
More OTC reference material:
http://www.nonamestocks.com/2016/10/brokerage...-dark.html
https://www.finra.org/filing-reporting/market.../otcbb/faq
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