Replies to post #53696 on Sulja Bros. Building Supplies, Ltd (SLJB)

[boogaloo]

Confuz, Yes they can all be on one cert. I'm not sure about Scottrade, but TDA shares aren't loanable if you aren't carrying a margin debit balance (but still are in street name); just an fyi.

Also, if you turn the cert back into your broker it will most likely take 2-3 days for them to register it so that a trade can be executed for you. That's what TDA told me today, anyway.

[redwards]

ordered their CERTIFICATES to be held in 'LSK' local safe keeping', at your brokerage firm, you do not have to take possesion on the stock cerificates, but they have to deliver to your firm... simple phone call, don't ask for physical delivery on your certs. just that they be held in local safe keeping LSK at your brokerage's headquaters.
fwiw
The failure to deliver would be a huge squeez t squeeze.
"mama's got a squeeze box'

[cheaplaf]

C1 saw you're question earlier and even thought I don't know much, I can tell you my experience.

I tried to learn invest 101 and open up an acct at chrls. shwb. around 10 years ago. I bought 25 shares of a $20. stock, 100 shares of a $3. stock and 2500 shares of a .0025 stock. I didn't watch, didn't know you could do dd and basically I went into it blindfolded hoping that what I thought I liked would make some money. I let Charls Shwb hold the acct and paid the maint. etc Got Yearly statements in and finally realized I was paying them money to do nothing for me so I paid to have all stocks into certificate ( with the exception of the .0025 (CRAY).

My stock certificates have been in alock box. I have been using them to purchase some sljb through Scott. I take the certificate up sign it over and in my case it has been the next day before I could sell to buy sulja. The 1st stock cert. took 24 to 48 hours but that was my initial account. and I used it to by PAIM. (Does any one want to by it at .003? I hear the trucks are moving in!!) The 2nd, hlt I signed over and was able to purchase sljb within 24 hours. The last stock cert I took up Monday it showed in my acct Tue
@ 3:00. I had to wait till this morning to sell in order to by more sljb.

So whether I am right or wrong for doing this, I have know idea. I almost like the idea of holding my own stock certificates because it is tangible. But at this time I am trying to get through stocks 201 on my own and I can trade through Scott easily via internet.