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Microcap & Penny Stocks : ADGI - American Diversified Group -- Ignore unavailable to you. Want to Upgrade?


To: grw5 who wrote (5966)3/26/1998 9:22:00 AM
From: Pugs  Read Replies (2) | Respond to of 9569
 
George,
You are spreading misinformation. NASD clearly states you have 3 days to complete your transcaction. Your broker can sell yoour shares and you can Fed Express your certs w/i 3 days.
You can call your local area NASD to confirm this.
If you are the nervous type, allow the certs to sit in 'name form' at your brokers office and he can expedite the transaction for you. I have a good relationship with my broker and this is the way we handle it.
A 600% value increase 'should' be insured against illegal undeclared naking shorting. MM's will short naked, churn and eat up that 600% profit in no time. That is why you either sell, and buy back low on the next dip. Or...demand your shares in certificate/name form.
A squeeze only happens when the MM's have criminally shorted the stock in excess of the number of certificate 'name' shares.
You cannot stop this criminal activity on the OTC BB , apparently regulatory agencies aren't motivated to put out all the stops on this practive. Shareholders must demand their shares in name/certificate form to combat illegal naked shorting. And SHOULD NOT LISTEN TO THOSE ON THE INTERNET WHO PERSUADE THEM NOT TO DO SO WITH MISINFORMATION!!! Call your local NASD office if your broker says you can not make a sale with your certified position. Getting your position in certificate form removes them from your account with your broker and they have the possibilty of losing commision charges if you sell elsewhere, and with the shares out of your account they cannot be lent to short against.
Pugs