Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : ProNetLink..(PNLK) -- Ignore unavailable to you. Want to Upgrade?

To: Dusty who wrote (1903)	5/3/1998 4:06:00 PM
From: Dixie7777	Read Replies (1) \| Respond to of 8242

Calling for your cert's does not do what you think, as I understand. I believe Dusty is right. Furthermore, having your cert's in your own possession limits their liquidity. Can't trade em if circumstances change... at least until your broker registers that they have received them back. Rich

To: Dusty who wrote (1903)	5/3/1998 9:09:00 PM
From: Sowbug	Read Replies (1) \| Respond to of 8242

However,I was told by my broker that none of the shares I hold in my account can be loaned out without my expressed approval. In order to loan them out the brokerage house has to get a signed statement from the shareholder and is paid for the use of the shares as I understand it. If there is an honest broker (no insult intended here) among us can you address this issue and if I am in error please correct me. I believe that's true for a cash account. Margin accounts are different. So instead of taking delivery of certificates, it's much easier to call and ask your brokerage to move your shares from your margin to your cash account. That's how the KTEL short squeeze on April 20 took place, for the most part: people shorted and then, three days later, which was settlement day, found out there were no shares available to short. So they had to cover (Joe Kernen on CNBC explained the margin-cash account differences as applied to KTEL). I have no idea whether the rules are different for BB stocks. Actually, I have no idea whether I'm right about any of this.