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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU)
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To: PartyTime who wrote (17833)1/7/1999 3:35:00 PM
From: Jon Tara   of 18444
 
Schwab will have a case against anybody who impropery sells (illegally shorts) the shares, even though Schwab made a mistake in posting the split to their account.

Any short position will be covered, at the customer's expense. Schwab will likely file suit against any shareholder who fails to come-up with any cash shortfall as a result.

You are responsible for knowing your positions. Your broker is not responsible for keeping track of them for you. They do this as a courtesy.

It is indeed unfortunate, but I suspect that just what has been suggested here probably did happen. Those who sold are now out of ZULU with negative shares, and far from having a windfall, may wind-up owing their broker money.

Now, anybody here prepared to confess to terminal stupidity, having sold their "windfall" shares today?
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