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hi in todays video I would like to talk about what is a transfer agent what is the role of the transfer agent how does it work and also how does the rule SEC rule 144 work I want to stop me okay so if you have an investor okay and lets say your investor here he sends the money to the company and heres ABC company and ABC receives money plus they can receive money and its it in blue is probably better they receive money and ABC issues shares for the investment to the clients okay so the client if the companys a pre-ipo company which means its not yet listed in a stock market he receives a share certificate with his name on it the amount the shares and so forth so he gets a physical share certificate now whats the process so how does ABC issue those shares you see ABC part for example has lets say 100 million shares authorized which means they are allowed to issue up to a hundred million shares and the par value of the shares is for example 0.0001 per share thats the par value