Replies to post #4449 on Sphere 3D Corp. (ANY)

[DoYourDDLikeMe]

Requesting your broker not to loan shares doesn't do anything.

If you hold shares in a Margin Account then they are actually held outside your firm by a Central Depository Clearing Corp. where any brokerage house can borrow shares from.

Believe me while your shares may be showing in your account they are held off premise if you andnot by your broker - they are simply a book entry in your account. They show as a olding in your account should you own "ANY" or "SPIHF" but unless they are in a Cash Account, segregated from Margin and you perhpas offering them at $40.00 per share or higher, your brokerage house can't do anything and hence your request is t someone who should have told you that.

I worked in the Back Office of a brokerage firm in Canada hence count on above as sage advice and knowledge.