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Re: JoeSmith post# 69544

Saturday, 06/21/2008 2:09:36 PM

Saturday, June 21, 2008 2:09:36 PM

Post# of 107353
Joe,

I did'nt know that DPDW.OB was a marginable stock?

Definition of a non-marginable security:

Securities that cannot be purchased on margin at a particular brokerage or financial institution. Some classes of securities, such as recent initial public offerings (IPOs), over-the-counter bulletin board stocks, and penny stocks, are non-marginable by decree of the Federal Reserve Board. Other securities, such as stocks with share prices under $5 or with extremely high betas, may be excluded at the discretion of the broker itself.

Non-marginable securities must be 100% funded by the investor's own cash, and holdings in non-marginable securities do not add to the investor's margin buying power.

Fairly new to the penny stock world so pardon my ignorance.

rockitt





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