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Microcap & Penny Stocks : CBQ, Inc. (CBQI) The E-Business Marketplace
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To: Sportfish who wrote (838)5/19/2000 11:35:00 AM
From: StkProfit$   Read Replies (1) of 996
 
Don't remember much in the way of specifics, only that a name change involves all shareholders of record and brokerages of street shares for notifications of namechange...in so doing, imaginary shares sold become discovered in the process of notification. (ie shareholder X has Y shares of A company, but cannot be credited for having Y shares under new symbol without Y shares being present in name/street physical form).

Hope that helps,
-Mark

PS That doesn't stop potential shorters from shorting the new company's symbol, but it is my understanding the former shares must be covered and accounted for (for the sake of notification) within a specific amount of time (maybe 2-4 weeks, not sure about time frame), so shorters must cover for past shorts within the share-namechange period.
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