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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: KZAP who wrote (494)	11/15/1997 12:58:00 PM
From: Carole	Read Replies (1) \| Respond to of 11708

KZAP When you receive your certs.. you may immediately take them to a local broker for deposit and don't sign them until you get there. Now they are available for you to sell anytime you decide to, with just a call to that broker. Or, you can keep them at home, unsigned, until the day you want to sell them, then take them to that broker. For myself, taking them over for deposit in advance seems easier, because I will only have to pick up the phone on sell day. c

To: KZAP who wrote (494)	11/15/1997 1:54:00 PM
From: TraderGreg	Read Replies (1) \| Respond to of 11708

With all due respect KZAP, your broker is full of it. What he meant to say was this: When certs are delivered to you, the account value of those certs is removed from your account. Why? Cause you got the stock, not the broker. As such, you could sell those certs to Joe Blow on the street or thru any other broker and not have to pay the commish. My broker at Scottsdale told me that all I got to do is bring the certs to his office by settlement day when I decide to sell. It's just that simple. Me thinks though, since I've heard this pseudo tale of difficulty before that there's more to it than brokers upset about giving up the commish. Remember, we're asking for the certs to take them out of the DTC loop with regards to those short slimes who short shares because they see reports that show they exist IN STREET NAME somewhere. They can't short em if they can't find em, like if they're in your safe. Maybe this is more prevalent than thought before. Anyway, demand them. The longer it takes to get them simply means that Shorty's kehones are gettings squeezed even tighter. TraderGreg

To: KZAP who wrote (494)	11/15/1997 4:25:00 PM
From: Kurt N	Respond to of 11708

'I asked my broker for certificates and he said he could do that for me but would be a hassle if and when I would want to sell.' You can sell at any time as long as they are still processing your certificate request. If you sell, your request is cancelled. After the request has been processed and is in the mail to you AND/OR you have it in hand, you can still sell any time you want to. You then have 3 days to deliver it to your broker. Fed-Ex it, or drive to your broker (if you live close enough). Kurt