Saturday, January 15, 2005 1:01:39 AM
And I'm expecting a battle...because I don't think they'll be able to deliver. If I'm right in this my broker will blame the transfer agent, as my broker only holds the stock "in street name"....the actual cert residing with the TA, that's the way it's supposed to work anyway....but if the TA has loaned out more shares than are in the float, well that means he's supposed to get busy delivering them (buying them)....which if there's a liquidity problem...he probably won't be too pleased and imo will try to avoid it.
I'll keep you abreast of my battle....the more people calling in their cert the better imo.
If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.
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