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SevenTenEleven

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SevenTenEleven

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Re: janice shell post# 4319

Sunday, 04/24/2011 3:03:35 PM

Sunday, April 24, 2011 3:03:35 PM

Post# of 20257
That is just outrageous! ShareBuilder told a shareholder that they were unable to order a cert for him because EIGH wasn't DRS eligible. They then suggested that if he wanted to order it through a brokerage (presumably one that uses ex-clearing) they'd be happy to move his EIGH stock into any new account he might set up. - janice shell

How is Sharebuilder going to transfer the shares to another broker if the stock is not DRS eligible? Wouldn't the new broker have to have the shareholder's shares transfered along with his account in order for the new broker to be able to issue a cert?

Sounds a little fishy to me. A broker, telling a client they can't issue a cert, but will transfer shares to another broker. Or won't they be transfering shares?

Please research all stocks before investing. My posts are my opinions and are not buy or sell recommendations. Always force market makers to cover their shorts above what you paid. Build wealth for fellow iHub'ers!

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