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Technology Stocks : JMAR Technologies(JMAR) -- Ignore unavailable to you. Want to Upgrade?

To: Richaaard who wrote (7859)	4/27/1999 3:12:00 PM
From: MRothaus1	Read Replies (6) \| Respond to of 9695

Here is an example that should help you understand where the shares are: Assume you have 750,000 shares of JMAR at Merrill Lynch and that you have had them for 2 years and you still have them today. 2 years ago, the SWISS FLEECE'M INVESTMENT CO buys 750,000 restricted shares directly from JMAR for $3.40 per share. They cannot sell those 750,000 shares for 2 years. So they call Merrill Lynch and ask to borrow 750,000 shares from somebody who owns free-trading shares but not in his name (most of us keep our shares at the brokerage). Merrill Lynch says "why yes, you can borrow Richard's shares for a small fee." So that day your 750,000 shares are borrowed from your account without you knowing it and sold on the market. 2 years later, SWISS FLEECE'M restricted shares become free-trading and they give them to Merrill Lynch and they put them back in the safe and you never knew the difference.