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Microcap & Penny Stocks : JAWS;A P/E of 2 with 150%/yr Erngs Growth!! -- Ignore unavailable to you. Want to Upgrade?

To: Ron Harvey who wrote (2300)	8/9/1998 6:01:00 AM
From: Harold Finstad	Read Replies (1) \| Respond to of 4230

Not quite true about the dividend. If you bought stock from a naked short, you would have done it by way of a MM who really has no way of knowing if the certificate is going to be delivered or not. On pay date your account is credited with the dividend by your brokerage, who in turn debits the MM they bought the stock from. That MM in turn debits the account of who sold them the shares, etc. etc, until it gets back to the original seller who ends up paying the dividend. The BB really is no different than listed stocks. There can be naked shorts in any stock listed or otherwise. The only difference is that it is very difficult to have a legitimate borrowed short in the BB because it is rare to find marginable BB stocks.