[ReneCM]

This is an update on my progress in getting direct registration for my PM Mining Company Stocks.

I own shares in a dozen different PM mining companies. Today I got a call from my broker (Chuck-whom I emailed my request to yesterday) who sounded more than willing to get me either digital or paper certificates for shares in these companies. He had to look up the specifics with the transfer agents of each of these companies. It took him a few minutes (less than 10), and came back and told me that he could get me digital certificates for all but one of these companies, and for that one, he could get paper certificates. However, five of the companies would impose a charge of $500 to issue digital certificates for their shares. So, it would cost me $2500 to make this change in how the shares are held. I asked him who wants the $500 per company--whether it was Chuck or the issuing companies. He said it was the companies themselves. One other company had a fee of $50 for a digital certificate, and the one company that didn't have digital certificates had no charge for paper certificates.

I told him that I had the option of selling all my shares and closing out my Chuck account entirely, but I was not prepared to pay 5 companies $500 each to issue me either paper of digital stock certificates. Something about the $500 fee sounds fishy to me. I told him I needed to do some more research, and to put my request on hold for the time being, but I would definitely be doing something soon.

I made it very clear to them that the reason for my request was not to deal with risk in the stocks themselves, but to deal with the risks of doing business with a broker in today's fast and loose financial regulation climate. He pointed out to me that there is very little risk in doing business with Chuck. My stocks are safe with Chuck. If I thought that, I wouldn't be asking them for Direct Registration of my stocks.

This is where it stands now between me and Chuck. I don't really want to sell my PM Mining stocks because they will go up at a faster rate than the price of the underlying metal--probably at a rate 5 times or so greater. If the underlying PM goes up 100%, these stocks will go up 500%. They are incredibly cheap now, and I believe the only good investment if it wasn't for 'systemic risk'--i. e. the risk of doing business with institutions whose guarantees could be worthless. I'm going to do a complete analysis on why I should own stocks, and whether it is safer to just hold the physical metal. The issue is whether I want a 'return ON my capital, or whether I want a return OF my capital.' I don't want to be caught in a situation like Gerald Celente found himself in.

Hatha