AURC Short Squeeze???
Posted by: dreaminofsailin
In reply to: None Date:10/16/2007 11:31:57 AM
Post #of 75386
I just got off the phone with Aaron at Transfer Online, very interesting.
He said the DTC just received the divvy shares this morning and the shares we all see in our accounts are "advance crediting" and some will be taken back as new shares have been added since Feb. 15th.
This is why we saw the huge increase in shorts yesterday, any one who has sold their divvies are creating a short sale and does not know it. If the divvy shares you sell are not real you will have too cover them in a day or two. So best not to sell them right away.
The plan is to send the proxy out snail mail Thursday or Friday of this week to meet the 20 day dead line. He hopes to have the proxy information complete by end of today so he can start typing them up.
He said the proxy must include an annual statement including every thing the company has bought and sold over the last year as well as a list of basic assets. A reporting company would also have to include share count but he does not yet know if it will be included since Aurus is non reporting and he does have the proxy information yet, he expects to have it by the end of today.
So to those who have not received your divvy yet and are pissed at your broker, relax, yours is the one following the rules and not posting them until they actually receive them from the DTC, and they just received them this morning.
The name of the company offering the .55 buy out MUST be included on the proxy!
GLTAL's
DOS
AI
