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This becomes funny. My broker uses an other broker in USA. My broker is not sure if the other broker does loan securities or not.
Sound not good at all.
Does anybody know an american broker or brokerage business called something like Pearsing? This did not give me nothing, but I would like to know where am I now.
If I can't get the issue clear, I will change broker here and force the securities to not be loaned this way.
If a name Pearsing rings a bell somewhere, I would like to hear it.
I hope they understand to put enough resources in ATI-0918 MAA.
It is the means to avoid need for reverse splitting.
Can we now by combining our strength kick the backside of the shorts?
Let me explain my plan a bit:
I use several brokers and have also several stock accounts. There seems to be one with IPCI stocks lent away. Apparently they are lent to someone who has sold sort this stock.
What happens now if I decide to change broker? I ask the whole account to be transferred to an other broker. Does the present broker need to call back the security loan? If it does need to act this way, we can use it. Can we force the short to buy back lots of stocks by just starting a broker change process? Do we have more power if we all do it the very same day?
IPCI is a small company with not so many stocks and even less "loose" stocks. This might make something to happen ...
It's about 5% up now.
Not me buying this time ;)