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Friday, January 04, 2013 10:01:39 PM
you left out one thing, pulling certs will eliminate short positions from using srge shares for short positions that any brokerage would let the shorter short at a price of course. many times the client does not know the brokerage has loaned your shares of srge to a short position that borrower of them. the DTC contacts the seller on oweing list and requests delivery within 3 days if delivery is not made in 3 days the settlement deck of DTC. tHE SETTLEMENT DECK BUYS-IN THE SELLER TO SETTLE THE OWED CERTIFICATES. THIS STANDARD FOR SETTLEMENT OF ALL SHARES AT THE dtc . however, now the DTC has to account for certs as oposed to just shares and that is why it is taking brokerages that are not on the original list of those with a claim on the street name certs in the cubby to get certs request filled. The DTC has to buy in owing seller of those certs. for those whose brokerage is on original list, the cert pulls take about 4 weeks allowing a week to process them. htt://www.wizardscave.com/certs.html you can find all the rest of information needed to pull certs this will stop the shorts from stealing our shares guys at least check it out. bigman
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