Replies to post #10489 on Zeons Corporation (ZEON)

[king oil]

it's true, but very rarely has an effect on share price since naked shorting (especially from offshore accounts) can far outweigh any real shorting.

[whassup]

JL....

I have heard that you can eliminate your shorts from being lent out (shorted) if you have a sale order for them.

If this is correct, put a sell on all at a $1.50.

[makesumgravy]

J, putting shares in your street name means the broker has no more accountability for these shares. He has to order the certs, send them out to the shareholder by registered mail. The shares are no longer tradeable unless you work out details with your broker. You would have to get these back to your broker someway to make these sellable or tradeable again. You would some how have to get these back in your account.

Anyway the things you've mentioned is the companies responsibilties and out of control of the shareholder. All the shareholder can do is hold to fight any shorts.

It would be better to learn more about this 50m dollar bond and the financial impact this will have on the company.

How much debt is the company looking at going foward?

[ColonelJohnSartoris]

makesomegravy, I believe J_Livermore is fairly correct here. If your shares are held in a margin account, they are held in "street name" so the firm could sell them should you not meet a margin call. Since you've signed a hypothecation agreement and loan consent agreement when opening the margin account, any shares held in the account can be borrowed by your broker-dealer and loaned out to customers of the brokerage firm that desire to use the shares for short-selling purposes. Based on current regulations, customers aren't required to sign this agreement when signing up for an account.

I believe you can call your broker-dealer and tell them you'd like your shares sent to the particular company's transfer agent where he can hold the shares for you in book-entry form registered under your name (and not able to be shorted). Other than that, even if the shares are held in a cash account they could still be eligible to be borrowed by your brokerage firm if you've signed the loan consent agreement - you'll need to check with them.

By the way, the name is a moniker...I am no Colonel and its use is no way in a pretentious manner. A quick Google search on the name should reveal this.