Thursday, March 31, 2005 9:59:10 AM
By: rickapple1
29 Mar 2005, 03:05 PM EST
Msg. 132686 of 132923
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Something to think about...
As CTKH shareholders, we may want to consider REQUESTING CERTIFICATES from our brokers for our stock holdings in this position. The benefits for this are twofold:
1) Once we request and recieve our CERTS, then we become "sharholders of record" in Cetek. Once the number of shareholders of record reaches 300, it is my understanding Cetek Technologies is obligated to become a reporting company. (The other criterion for reporting status is "more that $10 million in company assets" held). It is my understanding that even a "gagged" Transfer Agent will inform the inquisitor of the number of shareholders of record upon request. (Back in 1999, the number of Cetek SoR was 120).
2) If we receive CERTS for our shares, then MARKET MAKERS cannot "borrow against" our shares for the purposes of NAKED SHORTING them - BUT NOBODY IS SAYING WE HAAAVE BEEN NAKED SHORTED HERE!).
I have called my broker and have been informed that the cost for requesting and receiving CERTS is $40, regardless of the number of shares held/certified.
If we can contact the Transfer Agent and find out the number of Shareholders of Record, and if that number is approximating 300, then we should consider the CERTS requests.
yours,
Rick (apple)
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