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Re: Michtrader post# 116261

Thursday, 05/19/2011 3:32:43 PM

Thursday, May 19, 2011 3:32:43 PM

Post# of 173013
Don't know but just got off the phone with them. Now they are telling me that because enti is non-DTC eligible and the shares can only be transferred in hardcopy certificate form thru snail mail, the swing date (when I finally will be able to trade them)...may not be until mid-June.

They said that what's currently appearing in my acct under the new cusip#, e.g. the exact number of shares I bought, including the 3.3% shares, but with 0.00 value, is called a "placer". A broker puts that there to hold the position's status. When they do get the shares in certificate form, it then will take up to 72hrs. to replace the placer with the shares.

At least I'm getting a good trading education throughout this situation.

GLTA...and slap that ask.