AYN 0.00% 0.1¢ alcyone resources ltd

jp holdings update, page-7

  1. 138 Posts.
    JP doesn't hold a single ayn share. JP NOMINEES appear holding a quarter of a billion shares. That is normal for Australian shares which are traded overseas. My guess is that the nominee holdings represent the bulk of those overseas traded shares.

    Definition of 'Nominee'
    A person or firm into whose name securities or other properties are transferred in order to facilitate transactions, while leaving the customer as the actual owner.

    Read more: http://www.investopedia.com/terms/n/nominee.asp#ixzz218njCvLp

    Investopedia explains 'Nominee'
    A "nominee account" is a type of account in which a stockbroker holds shares belonging to clients, making buying and selling those shares easier. In such an arrangement shares are said to be held in street name.

    Read more: http://www.investopedia.com/terms/n/nominee.asp#ixzz218nnWVMy
 
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