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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today
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To: Colin Cody who wrote (11774)11/29/1998 1:36:00 PM
From: Baldwin  Read Replies (1) of 19331
 
Colin, I've read your post three times. Please clarify the following:

"The shares of DCI, specifically are NOT loanable shares, the fact that they are not in IRAs (which are never "loanable" to the public) notwithstanding. The reason DCTC is not loanable (to other parties) has to do with the fact that they MAY NOT be held in "Type 2" accounts, by law. The law says a stock traded on the OTC-BB MAY NOT be held in a "Type 2" account. This bothers many people.
If the Company's shares were traded elsewhere they MAY VERY WELL BE "loanable" but if on the OTC-BB they simply are not loanable."

Are you saying an IRA account is a "type 2" account? And, if so, that it cannot contain an OTC-BB stock such as DCTC?

Perhaps I misunderstood the above, but a portion of my DCTC holdings has been in my IRA (separate acct w/broker) since I bought my first batch of DCTC shares.

TIA,
Baldwin
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