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Friday, November 21, 2014 3:16:31 PM
http://investorshub.advfn.com/boards/read_msg...d=82945652
Your broker is obligated by LAW to "pull certs" for you even if they are 'air shares', this will force NITE/SHORTS into a NASTY spot and that is one of the main reasons for getting your shares in a Certicate.
Maybe this is what all of us who own shares should do? I'm not sure if there is a cost involved in getting a broker to produce a certificate?
Or, maybe the company itself, as it has the float locked up will itself pull a certificate for 75% of the entire outstanding shares of the company forcing NITE Capital into bankruptcy - finally!
Lets presume that there are in fact 1bn outstanding shares, so if whoever owns 75% of them then tells their broker they want their broker to give them a certificate for 750m shares, that will force all party's who've been shorting to cover?
Looks like it's over for NITE Capital.
Please note, the above post is neither a recommendation to buy or sell the stock. Everyone thinking of investing in a company should always conduct their own due diligence, to satisfy themselves, according to their own investment criteria that each compan
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