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Microcap & Penny Stocks : ICVI (now MTEI) -- Ignore unavailable to you. Want to Upgrade?

To: Jim B who wrote (8648)	6/5/1998 3:11:00 PM
From: lazarre	Respond to of 11850

Re: The enthralling topic of certs. <<then if you want to sell them.. you either FED EX them back.. or if you have a local broker like I do.. I just take my certs down to him (15min drive) and sign them over to him and sell them... in fact, I call him and say, "sell xx,xxx shares of xyz... I have the certs.. I'll bring them over to you today or tomorrow" and he sells them while I'm on the phone and then I just go down there usually the same day and give him my certs... not complicated.. but this way I KNOW 100% no one is borrowing against MY shares!!>>> Jim is right. As a matter of fact, when I've sold stock I had the certificate for, I sent it to my broker in the regular mail ( insured and registered ) as if I just bought stock and was sending in the check for it. Brokers ( mine, at least ) treat it as a normal, regular trade and want to see it in their hands within 3 days. As far as gaining possession of them to keep it out of the hands of shorters and the like, I've heard as many conflicting sides to this argument as anyone has and rather than guess at what the truth may be, I've requested my ICVI cert. on Monday as I did my DGIV weeks ago. For all of us long on this baby, why take a chance? L