molson ice1 ,
What TM's instruction below does not make sense to me at all & I have stated many times in correspondence with Megas.....
Firstly, my broker is not buying "fake" shares in the market. They bought the IOUs like any other shares for me. Why should I sue my broker on this....ie. Normal Purchase In Good Faith !!!!!!
Secondly, why should the broker give compensation to me if they have bought these shares in good faith in accordance to the system set by the authorities....No hanky-panky by the broker !!!!! Do you think, it is wise to ask compensation from the broker (Megas request) - Nonsense
Thirdly, it is really silly (in my opinion) to ask for physical delivery of certificates when there are no certificates available in the system ( All of us know that ). Is it a broker fault - the answer is NO !!!!!!!!
What Megas should do is to get court order to resolve this as none of us can correct the system fault....Court order to instruct the trading so that the systems will get the naked-shorts (FTDs)to buy-in for cancellation.
THERE IS NO OTHER ALTERNATIVE EXCEPT THRO' COURT ORDER
Regards....Shirley
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By: imsoweary
15 Oct 2007, 06:54 PM EDT
Msg. 50631 of 50637
I think you should now appoint a lawyer for the purpose of demanding your shares physically delivered or for financial compensation based on the last traded price of the share on the open market.
