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To: RocketMan who wrote (21777)8/15/1998 1:45:00 AM
From: paulmcg0  Read Replies (1) | Respond to of 50264
 
[would you mind explaining how one would go about getting certificates for shares they don't own?]

I'll reveal a secret that few people know, about one way a shorter can obtain shares legally, even for OTC BB stocks.

If you have a margin account, take a close look at the fine print in the agreement. For just about every brokerage, they include a clause about how any stock in a margin account can be loaned out without your consent, or even knowledge.

By the way -- I've had other brokerage accounts in addition to E*Trade.

Paul M.



To: RocketMan who wrote (21777)8/15/1998 2:24:00 AM
From: paulmcg0  Read Replies (2) | Respond to of 50264
 
I just found the shorter's thread here on SI, and what do you know, there was a posting about shorting shares you own. Check out techstocks.com .

So, go ahead and make a fool of yourself with the SEC when you ask them about the legality of shorting OTC BB stocks.

Paul M.


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