Sunday, September 28, 2008 12:58:26 PM
How did this happen??? If the shares were never issued to you by the transfer agent then the brokerage firms have hypothecated your shares from book entrees. Giving shares to each holder without ever taking delivery of any of the shares, as requested/dictated by the mandatory share exchange. Book entrees??? Is that not another way of saying naked shorts(ing)? Wow, what and why would this be accomplish? What would be the reason why each and every stockbrokerage firm would not take physical delivery of your shares into your name(s)?
BOOK ENTERED NAKED SHORTED SHARES will this definition nest on the federal governments lips? Why would brokerage firms carry unregistered naked shorts and keep them active. I don’t know but, if I thought it through… I guess that the brokerage firm keeps the cash and gives a receipt of ownership via our monthly statements… I think? WOW what a great gig.
I would encourage all to call the transfer agent like I did and find out for your self.
IMHO
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