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Jim’s Mailbox

Posted by Jim Sinclair on December 8, 2011 @ 3:40 pm in Jim's Mailbox

Dear Jim,

As previously discussed today, I have completed the transaction to have my shares in certificate form. It took about 45 minutes at one of the top 5 banks in Canada. I was charged a small fee, as I requested different denominations so to speak. For example if I held 15000 shares of company ABC I requested that I receive 5 certificates with a face value of 3000 shares each for a total of 15000 shares. This will allow me to re-deposit some or all the shares as my personal situation dictates in the future. I can avoid having to re-deposit all shares only to liquidate [sell] a portion.

For your support and aid in these insane markets my family and I owe you a great debt of gratitude.  I will sleep easier tonight.

Thank you!
CIGA Giacomo

Dear Giacomo,

You need only deliver your paper shares to your broker anywhere in the world with a signed stock power attached and the sale will take place on the same day. The delay would be a phone call to the transfer agent to ask if your shares have been lost or a stop put on them.

One thing that is very important – do not lose your shares!

All the best,
Giacomo ( Italian for Jim)

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