George,
A couple of thoughts here.
1) Should there be an offer to acquire DCI, you will have more than enough time to send in your shares and sell regardless of the policy your broker may have. If you've ever owned or watched a stock that has an offer, you know that the price usually jumps up near, but somewhat below the offer price. To use an example of DCI, if $10/share were offered, the price would probably jump into the low $9's and walk toward the offer price as the deal became more of a sure thing. Remember, the share holders will have to vote to approve the merger/takeover/buyout just like the Wavetech process. It won't happen overnight and you'll have plenty of time to send in you certs.
2) By continuing to ask for your DCI certificates, you not only take them out of the "pool" for shorting, but you make those firms who have loaned shares out in the past, much less likely to loan out any additional shares for fear of having them called. No one likes to tell their boss, they can't comply with the legitimate requests of their clients. I suggest you do what Toni did and go up the food chain at your broker. Start with the office manager and complain about their service. In these days of internet communication, the word can get out pretty fast on how a company treats you. I can't tell you how much I enjoyed telling that firm that recommended CCEE as a buy, to "pound sand" (Navy term) a couple of months ago.
There is nothing bad that can happen from calling in your certificates that I can think of right now.
Enjoy.
Rob |
