Cistron Biotechnology(CIST)$.30 Message Board

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Biotech / Medical : Cistron Biotechnology(CIST)$.30

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To: Sidney Reilly who wrote (1273)	7/15/1998 12:13:00 PM
From: Anthony Johnson	Read Replies (1) of 2742

I recently transferred some stock (not CIST) from my Schwab account to my wife's separate Schwab account. There was no transaction fee from Schwab (or even an SEC fee). Couldn't this same approach work between two parties who met on this website? For example, hypothetically, (1) you and I could meet at a Schwab office over lunch, (2) I'd sit with you as you talk to the telebroker about transferring your CIST shares to me, (3) when the telebroker confirms the transfer, I'd give you a certified check. The price would split the difference between the MM's bid/asked, thereby helping both of us and screwing the MMs. Would this work? I don't think there's any legal issues. The only risk, I think, is that you'd transfer to me and then I'd run out the door with the certified check (but this could be addressed by having us acknowledge the intent of the transaction in a letter, so that at least you could sue me if I don't give you the check). (By the way, I'm not "Anthony Johnson." His name somehow comes up for my personal password.)

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