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Re: chisox pat post# 1008

Monday, 09/19/2005 9:11:44 PM

Monday, September 19, 2005 9:11:44 PM

Post# of 23107
No it doesn't the 25,000 shorted of IDWS must be replaced when the DTC calls them. You obviously know nothing about how DTC works. Restricted shares cannot replace shorted free trading shares. Read any tranfer agent ledger they are accounted for differently YOU CAN'T COVER FREE TRADING SHORT POSITION WITH RESTRICTED SHARES DURING A MANDATORY SHARE CALL. Suggest you talk to SEC lawyer and get your facts straight. I would love to see you call any transfer agent and ask him if you can cover a free trading short with restricted. You are obviously thinking both are the same in the eyes of the DTC. You are wrong. Furthermore, under a mandatory cancellation of all old certificates as IDS is doing everything is physically turnover from DTC to Transfer Agent and Transfer Agent matches "HIS COMPANY LEDGER" not DTC and only reissues number of legally free trading shares.

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