International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Bruce McGaughey who wrote (3143)	3/3/1997 2:34:00 AM
From: Bill Jackson	of 35569

Bruce; if a large % took physical possession that would inhibit the short activity. In addition, if the shares are fully paid for you can instruct your broker not to lend them out to any other broker or to any other member of his company. When you margin them you give him the right to use them as short food. If you have two accounts, one a margin account and the other not a margin account place the IPM there and make sure you fill out the right form telling your broker not to margin/short them. If you do not he and he can find an excuse to short them out some way he will.. The 'back end' of the brokerage house looks after stock certificates and also certificates of deposit which run in lieu of actual certificates(certs). The certificates of deposit represent certs held in Depositary Trust for the Cert of deposit holder. certs otetn take days- weeks to get as they are made to your name at your request. In Canada we can get street certs. Non-named negotiable certs, if you lose 'em look out. Like US T Bills, cashable on demand by the bearer.They allow easy transfers and are guarded like cash. Bill Jackson

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