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Re: Georgia Bard post# 1003

Tuesday, 04/03/2001 2:18:59 PM

Tuesday, April 03, 2001 2:18:59 PM

Post# of 3174
Gary....a question on 144 stock. If a 144 holder files to either sell his stock or quarterly remove the legend on the stock, does his stock become "inventory" with the clearing house?

I guess I am unclear as to the progression of the cert during this process. I understand that if you give your cert to your broker for "safekeeping", the broker will send it along to the clearing house. Is it at that point that the stock becomes inventory, and can be shorted by anyone that has access to clearing house information?

Tom






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