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Alias Born 01/03/2007

Re: n3 post# 42291

Wednesday, 12/05/2007 10:25:28 PM

Wednesday, December 05, 2007 10:25:28 PM

Post# of 76909
Yep - Just like Cyclone said. The Transfer Agents are responsible for handling the certs. Brokerages will get the new certs from the T/A. Now if MM's were borrowing shares..ect, then they will need to cover those shares to get the certs to the brokerages. Usually takes a few weeks(15 days to be exact), I have been in quite a few of these situations, check out FCNK/RGNO name change. Caused a short squeeze of 1200% run in 3 days. Not saying that would happen here. It may not happen at all. The other good thing is most holding ECFL Pre-name change, will not be able to sell until the brokerage they have receives the certs. Should mean we have a heck of alot of buying tomorrow and not much selling... Some brokerages will let you sell, but they may say it is at your own risk and that you will be responsible for any losses from selling. Let me know if that helps...

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