ICVI (now MTEI) Message Board

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Microcap & Penny Stocks : ICVI (now MTEI)

MTEI 0.00430

+79.2%

Dec 17 1:29 PM EST

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To: Major Tom who wrote (8594)	6/5/1998 1:36:00 PM
From: Cliff Daniel	Read Replies (5) of 11850

TO ALL, RETRACTION? I called my broker to see about have them electronically held there instead of receiving actual paper. They said you have always had them held electronically and that receiving the actually paper is not advantageous. They said that the SEC regulates that no instituion can borrow your shares if they are fully paid for! Only stocks bought on margin may be lent for purpose of shorts. I didn't trust the 1st level, so I asked for the 2nd level. Same thing. 3rd level. Same thing. So folks, if you have fully paid for your shares, I'm told from multiple sources that it is not necessary to demand your certs. Your certs are already held at your instituion. And not even you institution can borrow from them. You may want to verify this with your broker. Cliff

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