Reed: After reading your message I felt compelled to clarify something. You wrote: "...Do you think DPBL posting in there PR, that all shareholders should check with their brokers to make sure they were holding real shares,..."
The PR actually said: "The company would like to advise the shareholders to ensure their accounts have not lent out their stock without the shareholder's knowledge and consent. Shareholders are also advised to ask their broker's compliance department if any of their stock position has been loaned to potential short sellers, and how to prevent this from happening."
Any TA will tell you the *****only***** way to avoid your shares being lent out to short sellers is to have them placed in certificate form. Shares in certificate are taken out of circulation and held in paper form. Unfortunately when your shares are in certificate form you loose the ability to cash in your shares quickly.
Two points to make:
1) The PR does not ask investors to check with the TA to see if they are holding "real shares." Understand that all shares, whether naked short or legitimate short are considered real shares.
2) As far as I know, your broker will NOT know if YOUR shares are lent out or not. Your broker MAY know how much of the OS is short but will not know the individual shares short. Shares are not like a dollar bill with a unique serial number that was recorded before it was lent to a short seller.
The only reason to freak concerning this PR is its content. It's a Pinkie Red Flag PR. I was disappointed to see this PR come out. ...and I own DPBL.
