"Direct Registration System"

(I received the following PM's from a former forum contributer who wishes to remain anonymous.)

"If you have been following jsmineset.com you will realize that Mr. Sinclair has encouraged everyone to be their own Central Bank and their own "Brokerage Firm."

"It is IMPERATIVE that individuals hold their shares as certificates or in direct registration form or the ownership of their shares in the event of a brokerage default as in MF Global defaults to the brokerage not the individual. Shares held in "street name" can also be sold short; i.e. borrowed from your account and sold short by the brokerage (who techically owns them) or by anyone they wish to lend them to."

"My original purchases of Tyhee shares are held in certificate form. Recently I have asked that Tyhee help me get the remaining shares (unfortunately the larger portion of my holding) in either Certificate or Direct Registration form so that I actually own them in the event of a brokerage default."

"Greg Taylor responded but his response made it apparent that no one at Tyhee has any understanding of this potential problem. I asked for Tyhee's assistance as my brokerage (Scottrade) does not allow direct registration of "penny stocks." They will and have allowed direct registration of my other shares."

"Please try to find and listen to the FSN interview of Jan 2012 with Ann Barhardt on FSN (a week or so old). I have an mp3 file of the interview which I can email you if you cannot find the FSN interview and are interested in the subject. Also Listen to and read the most recent info from Jim Sinclair on King world News and jsminset.com

"We, personally and individually, need to have our shares out of the hands of our respective brokerages as there will be more failures and more theft."

"We, as a group of investors need to DEMAND that Tyhee make this option available to us even if it costs Tyhee some money to do so. Otherwise our shares could go up in smoke just as Gerald Celente's gold bars (bought and paid for) went up in smoke."

"If Tyhee will not help us in this action, I for one will be selling my shares that are not held in certificate form and will be purchasing shares of another company that will accomodate me or that my broker will allow me to put into direct registration."

"MF Global was just the start (IMO). Once my shares are not the property of the brokerage (steet name) then I will feel safe (or much safer) in holding them."

"It is very simple. You go to the brokerage. Request the shares be listed with Direct Registration System, fill out a brief form, and pay a small fee if applicable; Scottrade did it for free. The shares are then removed from your brokerage account and listed in your name at the mining compamy's transfer agent and you receive a notice from them (much like a certificate) that they have the shares registered in your name. They no longer are in the "street name" of the brokerage. YOU OWN THEM!!! It makes no difference if the brokerage or their clearing house fails. You can, at any time re-deposit them with your brokerage and sell them if you wish. The paperwork delay is usually a day or two at most."

"I point out to you and all others that if their brokerage firm is ever affected similarly to MF Global the entire investment will likely be lost (as in stolen)."

"I bring it up because it should be a board concern. If Tyhee refuses to help so be it. I will sell my holdings if I am unable to direct register the shares. At the earliest sensible opportunity Tyhee will be sold and I will purchase shares of a company that can be held in direct registration or certificate form. I would rather take a modest haircut than be completely cleaned out. The shares I hold in certificate form from long ago will likely cover any losses made in transferring out. Those holding shares in "street name" of a failed brokerage or clearing house will get nothing. Those holdings will be declared as assets of the failed entity. Someone other than the original buyer will come to be the owner of those shares and there will simply be nothing that can be done about it. The rule of law no longer exists in the marketplace."

"If you listen to the Ann Barhardt interview on FSN and the Sinclair interview on KWN and are still not persuaded that action needs to be taken personally then that is your decision. I write this because a concerted action is often more effective than an individual plea."

"I, personally, wish to own the shares I have purchased. I don't wish them to be considered the assets of a brokerage that has failed; to be further passed on to some undisclosed counterparty to the brokerage's or clearing house's problems. Scottrade seems to me to amongst the least likely to suffer from this financial idiocy, nevertheless I still want to distance myself from any clearing house/brokerage failure."

"First Refco (I was affected by that one but finally made whole; I just got another check last week from the Rogers International Commodity Index Fund), then MF Global, who's next? That more bad news is coming seems to me to be inevitable. If you or Crowlee wish to carry the ball; be my guest. If no one (including Tyhee) wishes to push for our right to own what we have purchased independent of the criminal activity in the marketplace it won't be my problem. I will be gone except for my certificated shares not too far down the road."