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Re: MTHS 77 post# 5915

Sunday, 02/20/2005 3:35:01 PM

Sunday, February 20, 2005 3:35:01 PM

Post# of 157300
MTHS77,

Glad you made it over here. After reading the entire proposal I would not differ what I e-mailed you yesterday. Schwab has been the #1 market maker for 2004 and leads the way this year.

5. Who does Schwab Lend the shares to?

Schwab lens the shares to other clients or financial institutions to facilitate their trading strategies (e.g. short selling) and to fulfill settlement obligations (e.g. fails to deliver).


Letters started popping up from Schwab after REG SHO was initiated...If it were me I would send a letter back asking for 125% per month..lol..only my opinion...rock

BTW, you are the 3rd GTEL person I have heard of receiving this notification...rock



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