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Re: spinnaker1 post# 3716

Thursday, 10/27/2011 4:04:10 PM

Thursday, October 27, 2011 4:04:10 PM

Post# of 74451
I can sum it all up for you right now. Here is the issue. A number of traders that I know have moved brokerage accounts possibly 20-30. Some have holdings much much smaller than mine, but when these traders moved their accounts from ZECCO to Fidelity, fidelity a week later closed all of their accounts, and gave them till November 4th to Transfer everything to a new brokerage or Fidelity would send them their shares in certificate form.

I'm sure some have been selling to get cash rather than certificates, cause it is happening in other stocks i know of too. Here is the problem if a broker sends you your penny stock shares in certificate form you will have a tough time finding a broker to take those certificates.

On top of you posting that they are no longer at the other address. Which probably encouraged a few more to sell.

I have not sold my shares.




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