DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! Message Board

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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!!

DGIV 0.00

Dec 5 4:00 PM EST

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To: RocketMan who wrote (2520)	5/3/1998 10:27:00 PM
From: chip	Read Replies (2) of 50264

If I'm beginning to understand the scenario, shares which are held in MY name as opposed to STREET name are not available for shorting as RocketMan said. But, to make the issue MORE interesting, if my shares are in STREET name and I convert them to MY name either by calling for the certificates or by Local Safe Keeping, and they just so happen to be being used by some other "party" for shorting purposes at the point of conversion, then whoever "did the deed" with my shares - shame on them! - is then required to cover. And this is what Byron's talking about with his 48-hr figure? Technically they would then be forced to cover immediately upon the transfer of the shares to MY name, but it would just take awhile to happen? Chip

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