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Microcap & Penny Stocks : Olympus Ventures (OVIS) - formerly (OLPV)
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To: michael d kugler who wrote (1930)8/25/1997 8:42:00 PM
From: Eric Maggard   of 13196
 
Please answer my question regarding the need to call in the certificates.

From an article that you posted on SYCR:

Complaints to regulatory agencies haven't stopped the practice of
undeclared short selling. However, one way companies can protect themselves is to recommend to shareholders that they take physical delivery of their stock certificates. When physical delivery of stock certificates is demanded by a significant number of shareholders, the creators of nonexistent stock can be squeezed. The short sellers won't have stock certificates to deliver and thus they will cause losses for them and will cause them to move their undeclared short activities elsewhere.

What part of this paragraph don't you understand?

If you think there is an undeclaired short position, then you call your certificates. If not, then keep them in your account.
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