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Tsbs
Thanks . I will add it to the tools at my disposal to try to keep up with the huge amount of activity we have to contend with Share. . Can I make any money out out it! It seems that this may be the same tool Zaza is using so I presume it works!!
Your not missing out...lol
Some of us have more room in them, than others :-))
TSBS Can you please advise me on how to create a space in my bank account? I have never heard of this within the financial sector - Have I been missing out on something?
As I said Frontera wont issue certs and have no capability to produce them . The registrars would have issued certs to all holders and HSBC would have got certs for their nominee holdings , like I say check with their corporate actions dept if you want to confirm. I use III and they show my holding at nil value exactly as I would expect. At some point no doubt they will remove it should Frontera no longer exist. the only people to issue certs would have been the registrar. Basically you dont need one to prove your a holder. your broker has the proof if need be.
If you use Halifax/Lloyds as brokers then the number of shares you hold and the book cost is shown in your account. There is no reason why other brokers cannot do the same ( apart from incompetence).
Your holdings would be in a segregated account away from Brokers own business so not an issue, the current registrars would issue a cert in your name. If you think your broker is going a bit dodgy then request a cert now and dont hold your shares in demat form in broker nominee. People seem to be making a big thing about having a cert , its only like a receipt and is replaceable at a cost from the registrar if indeed there is one. i am sure all other details around your/anyone's holding can be proved without a share cert.
How would one obtain a share certificate if the broker has gone bust. I hold 5 million with SVS who went under in August. Lol and I thought things couldn’t get any worse.
Im not sure you have been given correct details HSBC would have been sent a cert for the full amount in the nominee name(s) How they hold it in your account is up to them , but you are still the holder and i am sure Frontera have a complete list of shareholders as given by the registrars when delisted. They are right they cannot get share certs as i said for individuals as they would hold one cert for all stock thats in each nominee name,they have no facilities for creating new certs per individual holder. If you wish to confirm this then ring HSBC and speak with their corporate actions department and get someone that knows what they are talking about.
I believe have said this before , but as there is no longer a Registrar to service Frontera all certificates were issued when delisted. Those that held stock in nominee accounts, your broker will have a certificate for the full amount in that nominee and has no facility to split the cert for individuals. Those that held shares in cert form should already have them. No certs will be issued unless we re-list in the UK and appoint another registrar. My view along with others is that we will not re-list in the UK but in the US. Holdings will be taken on by your broker within their US holdings facilities , whereby you can sell/buy via your broker set up. Best bet is a complete buy out and cash offer paid to shareholders then we can all get on with our lives ,or whats left of it by the time anything happens. Hope helps those with cert issues.