Poet you are ... Say you buy a position and when you call for your certificate of ownership you are told sorry we loaned them out and the certificate is presebtly being used to cover a short position with a larger brokerage house.
Thus after months of debate ... cancelling of DTCs & ACATs you get a nice little "certificate of Deposit"
C'mon Poet explain why the person can't get their certificate.
I'll tell you why someone sold that position and that certificate is being used as collateral for the short position. The rightful owner can't even get his ceritifcate.
Penny stocks are not what this is about it about shorting. Pennies are even worse because MMs and off shore just do it naked and only pay a interest charge.
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