SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations! -- Ignore unavailable to you. Want to Upgrade?


To: Anders M Jorgensen who wrote (1260)3/20/1998 8:36:00 PM
From: Rick D.  Respond to of 5847
 
Anders,

That's not the issue. The suspicion is that at least one market maker has been "naked" shorting, that is, selling shares in stock that don't exist. By calling for your certificates, you, along with the rest of us, can force the offending market maker(s) to cover their shorts, most likely by finding shares in the open market, which would result in increasing stock prices.

So, join us, call for your certificates. If you decide to do it, let Russell know how many shares you've got.

Happy investing.

Rick



To: Anders M Jorgensen who wrote (1260)3/20/1998 8:36:00 PM
From: Russell Gish  Respond to of 5847
 
Anders,
You're broker is telling you what he's told to.
The penny stock market is a different animal and the only person who can ensure your shares won't be shorted is you and if they are in your hands with your name on it then you'll be guaranteed they won't/can't be shorted.
Now I won't get into the naked shorting scenario because in my estimate if the float can be pulled in then the shorters won't be inclined to chance a naked trade. Nonetheless, one of the intentions of this endeavor is to find the shares and make a determination if in fact there are any naked shorts. Ideally, a method of doing that is calling for certs en masse.
Would you care to participate?