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 : THNS - Technest Holdings (Prev. FNTN) -- Ignore unavailable to you. Want to Upgrade?

To: Kevin McKenzie who wrote (2469)	7/30/1998 11:12:00 PM
From: RogerWillco	Respond to of 15313

No problem, Kevin. <eom>

To: Kevin McKenzie who wrote (2469)	7/31/1998 1:53:00 AM
From: TechnoWiz	Read Replies (1) \| Respond to of 15313

Hello Kevin: I think that could be a very useful resource for newcomers who come to the thread with all those questions that have already been answered, but can be directed there to get genned up! Good Job. Now for everyone who is interested in the mm mystery games, I have done some checking into this and maybe, this will help shed some light on how it works and how you can take some precautions yourself... Firstly, the broker can transfer the certificates into your name and hold them in safekeeping. This action takes it out of the street name and normally there is no charge for this. If you decide to sell the stock all you need to do is sign a stock assignment and you will receive your money within three business days after the trade. By utilizing this method of transfer you therefore don't have to worry about where you left the stock in your home or in your safety deposit box or if your house burns down... Now for some intriguing questions: Secondly. Ask your broker: What is a buy in notice and how does that apply to over the counter stocks. Then ask him If the stock you bought for instance in FNTN has been delivered in by the seller to your brokerage firm. He can easily check this by calling his back office department and requesting this information. Next: If it hasn't been delivered then you could ask your broker when your firm will buy in the stock or when are you going to send a buy in notice to the seller of that stock? If the seller can not deliver the stock within a short period of time then your company can go into the open market and buy the stock in. If there is a loss, then the opposing brokerage has to absorb that loss in full Finally: If you deal with a brokerage firm that makes a market in the stock that you own, then there is a distinct probability that if he goes short your stock, he might use your certificates and deliver them to opposing broker who bought them, till he buys them back at his discretion and therefore you will have become an unwitting participant in the MM game. In Summary. Remember to be direct and ask those questions: 1. Have my certificates cleared directly during my period of ownership or has the firm that we bought them from failed to deliver. 2. If they have failed to deliver why and what action are you taking. 3. If everybody does this, it will take all the stock out of the street name and may diminish the potential for such antics. Please post your responses as I'm anxious to read your reactions especially to what your brokers may say and if the really understand what it means. Goodnight and Rgds Wiz

To: Kevin McKenzie who wrote (2469)	7/31/1998 8:40:00 AM
From: Bill Fortune III	Read Replies (1) \| Respond to of 15313

Good morning Kevin, excellent work on the site you are setting up: home.swbell.net And as Wiz said it can be very useful for new investors and some of us who are looking for past post or other general information. When you are ready you might want to explain to everyone here just what the criterion and process would be to get links posted under the heading UNOFFICIAL TIDBITS. You also many want to post the link periodically to help remind us that it is there. Again, good work Kevin. Regards, Bill Fortune III