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Re: LouisDesyjr post# 1753

Monday, 04/03/2017 10:46:41 PM

Monday, April 03, 2017 10:46:41 PM

Post# of 3265
The brokerage is Interactive Brokers. And I know what their responses are and they have been consistent in giving them on multiple situations to many different traders -- they do not remove the stock (and borrow and its margin effect) until DTC deletes it and that is that.

IB and other interested parties (such as transfer agents) will not give anyone contact info of someone at DTC and I know a couple people who have tried calling DTC and never got anyone.

If I could reliably get a stock removed soon after cancellation it would be enormously profitable and riskless to short stocks like EOXLQ or the former LINEQ into cancellation.

At IB another option is if longs have given up and submitted the dollar-for-lot form so they can take the tax loss then I can use those shares to cover my position.
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