ADGI - American Diversified Group Message Board

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Microcap & Penny Stocks : ADGI - American Diversified Group

ADGI 2.305

-18.0%

Dec 19 3:59 PM EST

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To: Joe Master who wrote (5973)	3/26/1998 12:25:00 PM
From: TraderGreg	Read Replies (1) of 9569

If, in some overwhelming fantasy, the entire o/s could be put in cert form then those who shorted would have to cover. If they failed to cover then the brokerage firm from whom the shorter operated would have to cover. If they are one and the same, typically, they would cover or go under.. If they went under, SIPC would have to do the covering. Ultimately, someone would wind up suing the shorter who would most probably be bankrupt or in the Caymans. Buying stock is one of those rare occurences that you can buy stolen property but still be the legal owner. If you have legitimate confirmation slips of a buy, you are OK. But all the certs will never be acquired in this manner. There are other ways that instantaneously can stop shorting. They include name/cusip change, reverse split (ugh, that's a castor oil method) and declaring a dividend. THOSE methods are far more effective at stopping shorting that Olly olly certs in please, JMHO TG

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