STLLR Gold Inc (ME)

[NYBob]

Holding the certificate insures your ownership of that stock

They do not need to "confiscate",

You are a creditor of the bank.

The money you put in the bank or the stock is not yours

after it enters the door of the bank.

The bank just gives you an IOU

Small creditors are the first to loose when things go south. Remember banks never loose.

Holding the certificate insures your ownership of that

stock and not the banks.
exactly what rallars said.

You DON"T own those shares.

Your brokerage does and they can do anything they want with them.

You only have computer entry with them, that's it.

Many things can happen

if you are day to day trader and if you buy and sell
many times per day, it is fantastic tool,

but if you are long...

rallard, if I understand you correctly, you're saying that if I deposit shares in a bank

they do not have to pay me back the shares?

They simply give me an "IOU", which they have no obligation to honor?

And if the bank goes bankrupt, their creditors have no obligation

to honor the share agreements in the accounts that hold the shares?

Is that what you're trying to say?

"Remember banks never loose"

They would seeem to if they were bankrupt and unable
to pay back creditors.

baranja, you say, "Many things can happen".

Could you describe a scenario in which you would
no longer be able to do

what you wish with those shares held by a bank
for your convenience?

thanks


Even worse, if the financial institution that has control
of your shares,

they can short your company..........

But thats the price we pay for instant liquidity, if you
take possesion

it takes more time & money to buy & sell..........

good for longer term holds..............

Not all financial institutions are equal

Insolvent bank....

MF Gloal scenario,

how about Maddoff,

Great depression colapse,....

Or just simply.. "here is cash, ..no shares for you,

sorry about inconvenience.."..

Can this happen,.. maybe.. who knows.


Holding the certificate insures your ownership of that

stock and not the banks - and the banks can NOT use

your shares for short selling -

get your share certificate

if you want HIGHER SHARE PRICE and

become a ME Long TEAM member -

Thanks in advance -

God Bless