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Non-Tech : Bill Wexler's Dog Pound
REFR 1.554-4.1%Dec 8 3:59 PM EST
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To: Bill Wexler who started this subject2/14/2003 10:16:18 AM
From: N. Dixon   of 10293
 
Dear Mr. Wilkins
by: manny_d_gofer
Long-Term Sentiment: Strong Buy 02/14/03 08:59 am
Msg: 130662 of 130673

Please note that the security REFR that you have placed an order to sell short in your account is subject to a negative rebate charge. What this means is that in order to maintain the short position in your account, a fee will be assessed on a daily basis at a fluctuating interest rate and charged to your account. This has become necessary since the availability of this security to facilitate and maintain the short position has become limited. The amount of the fee that will be charged your account is a function of the availability of the security and the size of the short position you maintain.

The fee will begin being assessed starting on 10/15/02 in your account at an initial rate of 10%. Please note that this rate may fluctuate depending on the availability of the security and once implemented will be effective through the settlement date of the position should you wish to close out the short.

The payment of this fee, being assessed against this specific security, does not reduce the possibility that this security may be subject to a buy in at any point in time with or without prior notification to you. We will make every attempt to contact you in the event that we receive information indicating that a buy in is imminent.
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