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Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?

To: BigAppleBoy who wrote (1738)	8/26/1998 3:26:00 PM
From: Coolbreeze	Respond to of 5908

I'll try and answer, BigAppleBoy: The shares that you purchased through your brokerage firm have the possibility that they were sold to you short. If this is the case, the proxy vote has the potential to not make it to you so you may vote only because your brokerage firm may not actually have the CERTS for your shares. However, you did purchase these shares legally so you are entitled to any outcome whether it be positive or negative in the stock. Say the deal goes through for .375/share and your brokerage firm got shorted shares for you. It will be your brokers responsibility to get these CERTS from the shorter who in turn must pay to get these shares from someone who actually holds the CERTS and deliver the CERTS to you (or proceeds from the buyout). By law, any buy you make through your brokerage firm that was executed must be honored by the firm as well as you. So to answer your question, NO, you will not miss out on the proceeds from the buyout. CB