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Re: None

Thursday, 02/01/2001 1:27:55 AM

Thursday, February 01, 2001 1:27:55 AM

Post# of 15369
A couple of other things about restricted shares open for trading. You might consider setting up an account with a full service broker for these shares. From what I have heard, some of the smaller discount brokers (on-line only transactions) are not really equipped to handle the details associated with restricted shares. I have talked to a few investors who were getting some strange information from their discount brokers. Some of it directly contradicted what I was told by Fidelity's restricted share department. Don't know the final outcome they experienced, but I do know that Fidelity was able to get mine opened for trading.

Another thing to keep in mind is that settlement times on restricted share trades take two to three weeks, not the usual two to three days for settlement of free-trading shares. This delays when your sale proceeds are credited to your account.