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Technology Stocks : Audio and Radio on the Internet- NAVR
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To: MyAssets who wrote (6576)2/7/1999 7:32:00 PM
From: David D.   of 27722
 
MyAssets, I ran into this once with my broker. Several years ago and on another company. My broker told me it had to do with "him" and not me. He was restricted in selling more of the shares because he had solicited so many purchases up to that point. His portfolio of customers were very heavy in the particular stock that he and I were buying. So, he was restricted, (by Everen Securities, my broker), from selling me any more shares. He could only sell them to me if I signed a form stating that I solicited him for the purchase and not the other way around.

This stock, as is NAVR, was highly volatile and they basically wanted to protect themselves from clients who were solicited so strongly and to such a great degree, (my broker controlled 5% of the companies outstanding shares via his customers).

I signed the agreemement and purchased the additional shares.

Hope this helps

David D.
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