SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Olympus Ventures (OVIS) - formerly (OLPV)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: andy harrison who wrote (2056)8/26/1997 1:41:00 PM
From: michael d kugler   of 13196
 
Andy,

Your broker cannot keep certificates in his desk drawer. He'd be fired .

I spoke with our margin desk today regarding delivery against sale not long. He told me that the exchange rules dictate that you must be able to deliver certificates within 15 days, if all extensions are granted. Your broker may be reluctant to jump through hoops to do this for you unless you are a good client. Some firms fine brokers for extensions, so your broker might not want to eat that cost.

If you choose to sell while your certificates ar in the mail, there is a possibility that your broker can execute delivery with a stock power, which he will marry to your certificate when you get it.

My stock loan desk shows no availability on OVIS.

Shares held in cash accounts can sometimes be loaned for shorting, but only with written permission from the owner.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News