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Microcap & Penny Stocks : NVID International

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To: Pugs who wrote (2425)2/8/1998 3:25:00 PM
From: Batman  Read Replies (1) of 3244
 
.............atomic batteries to power...............turbines to speed..............

This is Batman.

Riddler, you fiend!!! Have you no respect for decency???!! For law and order??? My Bat Computer can solve any riddle you come up with given enough time.

Actually, you are correct in demanding your share certificates. Most people think they can "short" any old stock, when in fact there have to be shares available for borrowing in order to short in the first place. Normally what happens is that people leave their shares in street name (say, Merrill Lynch), and then when somebody wants to short, the stock lending desk at Merrill lends out YOUR shares (they can do this without asking you because the shares are in Merrill's name, not yours) and they make something like prime plus 1% for doing so. If everybody demands their certificates, shorting is not possible.

Actually, if you are serious about this, Pugs, why don't you get a complete shareholders list from the company (rather than just talking to those shareholders on the internet) and mail a letter to each of them explaining what to do. It shouldn't cost that much money. There are only something like 400 shareholders, yes? Assuming a cost of 50 cents per letter, that would cost you approximately $200. Not a lot of money. Actually, if you want to do it professionally, you would also get on the blower and talk to each shareholder to make sure they do it.

Yours,

Batman
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