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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (13388)	4/27/2000 11:05:00 AM
From: SLSUSMA	Read Replies (2) \| Respond to of 13953

Did you consider the fact that he is an insider in the company stock he wants transferred and therefore cannot sell and cash out of ETrade? Since he owns a $19 million stake in the small company, imagine the hit it would take when he cashes out his position just to transfer the stock. For a master of SEC, FDIC, and SIPC rules, you sure didn't cover all the possibilities. His theory that ETrade loaned out his stock to short is very plausible. Further, it explains why ETrade is dragging its feet in the transfer. Suppose ETrade having to cover that short all at once... Like E*Trade need to lose any more money through improper management.