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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today -- Ignore unavailable to you. Want to Upgrade?

To: Steve1 who wrote (5150)	4/20/1998 9:11:00 PM
From: James Harold Alton	Read Replies (1) \| Respond to of 19331

Steve1, The answer to this question about whether DCTC shares can be loaned out of a margin account seems to be getting ever more complex. Here is a post that Brad sent to me via email: (Thanks for forwarding this to us Brad) Brad, there has been lots of discussion on SI about margined accounts and whether DCTC can be loaned out of these accounts. I just called my broker and nailed him down. Though I have them in a global margin account, those particular shares are, within that margin account, in something called a "TYPE 1" which is a cash only holding within the margin account. I HOWEVER MUST REQUEST that the shares not be loaned out. Please see that this info gets to someone who can post on SI as I know you are on Hiatus <g>. I just called one of my own brokers (DLJ) and asked about the process required to request that my shares not be loaned out. According to the person I talked to and the person he in turn asked, nothing had to be done to prevent the loaning of my shares since the DCTC I owned was already in my cash account since it was not marginable. Somehow I have the feeling that a MM for DLJ could still get to them, but I am beginning to doubt that they could be used to help Mr. X cover his 700K short. James