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Re: gbtjr post# 27012

Tuesday, 04/03/2007 5:57:51 PM

Tuesday, April 03, 2007 5:57:51 PM

Post# of 143047
there are laws that force compliance within a time period (approx. 2 weeks) or else their trading privileges are supposed to be revoked until they produce the stock certificates; either by finding them( ha ha, that's a joke) or by buying new ones. However, in the past, this has not been well enforced. Obviously, by holding up a CUSSIP change it puts the spotlight on an already volatile issue that has been in the news numerous times recently. Hopefully by the exposure the SEC will actually enforce the laws they created. You have to be able to account for all your shares and it seems to be a perfect opportunity to catch naked short-sellers. Garr Winters seems to me to be a modern-day Clint Eastwood, who's not going to let the CUSSIP be held-up indefinitely. He'll get to the bottom of this and most MM's will buck-up and take the loss and buy stock rather be busted with their "pants-down" for short selling stock. It will be resolved...and I don't think it will be a long drawn out process.

Remember the Widows and Orphans.