Global Tech Industries Group Inc (GTII)

[TheFirm]

As usual, you and your radio buddy are dead wrong. but i will roll my eyes and explain again. let me give you an example? Suppose you and your non radio buddy had joint account at ALPS with 10 million shares of GTII, the stock jumps to $2.00 like it did last year and you guys decide to " SELL,SELL,SELL"!!! (you still with me?) that's a $20 million dollar trade...Now, if Alpine is only allowed to trade up to $4 million in total capital for the day for all of it's trades with NSCC/DTC... where does that leave them? It doesn't matter that the stock was deposited, cleared 19 months ago and waiting for sale in DTC's custody... DTC will require ALPS to come up with not just the difference $16 million and assess a charge on top of that as a back testing charge. Not saying what they do is right ( i personally think its wrong) and Alps was contesting that. They were not short in the terms that you think...in fact, even at /50 cents if you tried to sell 10 million shares right now at Alpine... they would reject you and probably only allow bout 1 million shares for the day.