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Microcap & Penny Stocks : LifeOne, Inc. (LONE)

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To: GlenRP who wrote (626)5/19/1999 8:46:00 AM
From: paper man  Read Replies (2) of 1834
 
GlenRp. your post is smart and on the money. Steet name holdings are there for exposure and manipulation.
1. some MMs and brokers dpnt even fulfill street name accounts until the client sells, and this is when those shares are actually fulfilled.
2. street name accounts are there for TK to short if he would like, other than TK executing a naked short( never even consumes a street account, just sells shares that are invisible)
3. anytime you buy a penny stock, you should have certs issued on a majority. this authenticates your buy and forces MM and broker to fulfill the position, noit with ghost trades.
4. having certs issued is not a problem you can sell em any time. people who buy in margin accounts or IRAs ofcourse will not do this. But, cash accounts in street name are nothinf more than an open wallet for the MMand Broker to manipulate.

There is only ONE value to not pulliung certs. if the Mm or broker doesnot properly fulfill the buys in your account, if the stock escalates in value they will be forced to eventually fulfill the account at higher prices( there own risk) and this is called a short sqeeze on price!!

good luck to all
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