Lake Shore Gold Corporation (AMEX:LSG) Map To Fair Market Price
& Higher Highs LSG Share Prices -
Holding the certificate insures your ownership of that stock
They do not need to "confiscate",
You are a creditor of the bank.
The money you put in the bank or the stock is not yours
after it enters the door of the bank.
The bank just gives you an IOU
Small creditors are the first to loose when things go south. Remember banks never loose.
Holding the certificate insures your a deed ownership of that
stock and NOT to the banks.
exactly what rallars said.
You DON"T own those shares.
Your brokerage does and they can do anything they want with them.
You only have computer entry with them, that's it.
Many things can happen
if you are day to day trader and if you buy and sell
many times per day, it is fantastic tool,
but if you are long...
rallard, if I understand you correctly, you're saying that if I deposit shares in a bank
they do not have to pay me back the shares?
They simply give me an "IOU", which they have no obligation to honor?
And if the bank goes bankrupt, their creditors have no obligation
to honor the share agreements in the accounts that hold the shares?
Is that what you're trying to say?
"Remember banks never loose"
They would seem to if they were bankrupt and unable
to pay back creditors.
baranja, you say, "Many things can happen".
Could you describe a scenario in which you would
no longer be able to do
what you wish with those shares held by a bank
for your convenience?
thanks
Even worse, if the financial institution that has control
of your shares,
they can short your company..........
But that's the price we pay for instant liquidity -
take a deed certificate possession of your LSG shares ownership -
it takes a bit more time & money to buy & sell..........
but the bankers don't own it and can't short it........
you own it and it be rightfully yours........
good for all longer term holders..............
Not all financial institutions are equal
Insolvent bank....
MF Gloal scenario,
how about Maddoff,
Great depression colapse,....
Or just simply.. "here is cash, ..no shares for you,
sorry about inconvenience.."..
Can this happen,.. maybe.. who knows.
Holding the certificate insures your ownership of that
stock and not the banks - and the banks can NOT use
your shares for short selling -
get your share certificate
if you want HIGHER SHARE PRICE and
become a ME Long TEAM member -
with a DEED Share Certificate Ownership -
Thanks in advance -
God Bless
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