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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?

To: Freddie Forte who wrote (14284)	4/29/1998 11:06:00 AM
From: David A. Irvine	Read Replies (1) \| Respond to of 27968

<<< Dave...That sounds great in theory, but, what if conditions change and you need to unload a position quickly. 3 minutes may be the kiss of death with BB stocks, let alone 3 days. Rmil did that and they're using those certificates for wallpaper. Famh is definitely a different situation, however. >>> Freddie, Sorry, I wasn't clear. You can sell whenever you want. The sale is immediate. Then, you need to get the stock certs to your broker in three business days. The sale (or speed of the sale) is not affected in anyway, it just takes a little more effort on your part to remember to mail in the certs. -Dave

To: Freddie Forte who wrote (14284)	4/29/1998 11:10:00 AM
From: TraderGreg	Respond to of 27968

what if conditions change and you need to unload a position quickly. 3 minutes may be the kiss of death with BB stocks, let alone 3 days. Freddie--Holding your shares in cert form doesn't keep you from selling them. Assuming your broker is half way reasonable, you call them up and sell your shares and fed ex the certs. What's this 3 day stuff? BTW, I verified this with my broker. Believe me, they will gladly allow you to do this because when they mail you the certs they assume you have left them. It's their way of salvaging the account. TG