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Re: riorancho post# 1827

Monday, 07/28/2003 9:34:16 AM

Monday, July 28, 2003 9:34:16 AM

Post# of 3329
Rio, it is always wise to contact each broker and find out when they intend to send in the Claim From. Some may do it earlier, some may wait until the last day before the dead line. Stating openly that "you still get CDEX shares if you buy Loch up until August 15th" is a little risky. You don't know the date each particular broker will submit the Claim Form (some may have already done so) and those shareholders will find out that recent purchases of Loch may not qualify for the exchange. Stating the contrary contradicts the Judges recommendation regarding trading Loch stock after June 27.

At the same time, each shareholder should call their brokers and find out if they will hold unregistered shares of a private company. Usually, brokers hold registered shares in publicly trading companies. If they will hold out unregistered shares of a private company, they should be asked to state that in writing, so that shareholders can have an official document from the broker stating that.

Caution is advised.

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