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To: Craig Rogers who wrote (4397)	1/18/1999 2:22:00 PM
From: Boplicity	Respond to of 29970

Here's the article ..... ATHM buying XCIT. mercurycenter.com Greg

To: Craig Rogers who wrote (4397)	1/18/1999 2:37:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 29970

It indicates "off-board" trades. There is no law that says trades must be done on an exchange. Two institutions can trade huge quantities on a price mutually acceptable. If an exchange is closed, the trade need not refer to a price that isn't available. Similarly, that means that you and your neighbor can engage in a transaction at any price, but you have to notify the registrar/transfer agent in order to have proper delivery. Without proper delivery the transaction is a sham, thus hasn't formally taken place, so property has not changed title.