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Thursday, October 01, 2009 12:49:01 PM
IMO..............if you where going to give a company $375 million you would want to make sure all the shares out there where legit.......especially with the manipulation talked about in the SEC complaint.
IMO, that reply by Scottrade makes sense. I assume the DTCC would want an accurate accounting of all the shares with all the volume and questions.Especially if there is some restructuring of the company like they said. That seems to make sense to me because the new people coming on board would want an accurate accounting.
They may in fact be doing something like that, say a name change which would require all the shares to be turned in..................that would get rid of any naked shorts and give a clear start for the new people putting in the money.Something like that makes sense to me.
this may be very good if there are naked shorts also................they will take it in the shorts and have to cover in the open market,IMO. Now that would be exciting.We will just have to see.
Looks like (pitbull) Toscano may be already working at his new job,IMO again.
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