Replies to post #1161 on ZNext Mining Corporation, Inc (ZNXT)

[janice shell]

I originally thought it went to .0001 because PAIM was dumping shares. I was wrong.

How do you know? If Pearl were dumping, do you think she'd tell you?

[Jim Bishop]

Sniper you do realize that after Ex Dividend date, on a forward split, or a stock dividend, that you can sell the forward split stock even though it might not yet be credited to your account.

Your broker will check, say you don't own it, you'll explain, he'll check again, say you're right, you can sell BUT be warned that until the stock is actually in your account you will be technically short and will have to buy in if something goes wrong and you don't get the split or whatever shares.

They don't charge extra to do this.

Hell even guys on our TGL thread were doing that with PAIM....and that's where a lot of the volume was. Pearl just doesn't understand how things really work.

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Posted by: SSP
In reply to: Dr Worm who wrote msg# 80765 Date:2/8/2006 3:27:41 PM
Post #of 82543

:-) - if you bought the shares before the forward split and they haven't arrived in your account yet, just sell the shares short and await for the delivery to close the position - however the brokerage requests that you take responsibility and buy them back if there's no delivery.

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Posted by: veteran98
In reply to: SSP who wrote msg# 80755 Date:2/8/2006 2:30:22 PM
Post #of 82543

PAIM will be interesting to see where it ends up when all the shares get issued.... still not reflected in my account wouldn't mind being able to offload a few at .0005.