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SULAX

01/07/17 11:52 AM

#27131 RE: Torvecian #27130

Thanks, I do vividly remember Jim telling us to tell our brokers they can't loan our shares.
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Oakie1

01/07/17 12:39 PM

#27133 RE: Torvecian #27130

Since Sulax brought it up, what JG must've been referring to was to keep one's shares in a cash account at one's brokerage firm. Securities in a cash account are not allowed to be lent out by a brokerage firm. If one's securities are held in a margin account however, the firm can lend out your shares without being required to notify you. Further, you are exposed to the re-hypothecation risk that your brokerage firm might bestow upon you, if things get out of control for them.

For those CRGS shareholders who have a margin account and never use their margin, they may want to call their broker and change their account status to a cash account. Minimal paperwork is involved. This can help put further pressure on a structural short position.

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Oakie1

01/08/17 9:44 AM

#27150 RE: Torvecian #27130

Torvecian, FWIW just wanted to say I'm glad you rejoined the board after your hiatus. Notice you essentially have founder status here! I just needed to see what you were all about before I formally extended my hand.

Very glad you're here.