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Microcap & Penny Stocks : PKGP (Packaging Plus)

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To: Zbyte who wrote (1835)5/17/1998 7:17:00 PM
From: Jim B  Read Replies (1) of 4783
 
TO ALL:::

A TOP DOG reader just reminded me of the "safekeeping" clause.. do
you guys know that one?? E*TRADE doesn't have this but some of
your brokerages just might and don't let them tell you that PENNY
STOCKS CAN'T BE SHORTED!!... if you call your broker and don't
want to physically ORDER your PKGP shares in cert form but would
like them to be taken out of street name so they can't be shorted
against... then you can always have them put in "safekeeping"...

as to the specifics on this and how fast you can trade on shares held
in safekeeping I'm not sure... but this is an alternative way to
speed up any shorts having to cover before July 1st... any comments
or corrections on this anyone??

jim
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