Replies to post #30374 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Whirligig]

As you know a dividend has been suggested here previously. some are holding shares in certificate form believing that this will be the only way to receive a dividend.
Did PTC.OB require shares to be held in cert form? many shares are in IRA accounts cannot be removed and held in cert form. What is the status of IRA accounts in the case of a dividend.
IRA account shares cannot be loaned for short selling from what I understand.

[MrPastorious]

actually ALL shares are to be rewarded. real or not, If you are short, you pay the dividend.

[LowFloatGoat]

certs, dividends, etc, are all well and good but the only way you get on the sho list is if you publicly report the number of shares outstanding. I think it was very disingenuous of the company to request shareholders obtain certs when the company will not release the share count. In fact, it is insulting.

Here it is straight from the horeses (SEC)'s mouth:
http://www.sec.gov/spotlight/keyregshoissues.htm

D. Reasons Why A Security With a Large Short Position May Not Appear on a Threshold List

There are various reasons why an equity security with a large short position may not appear on an SRO's threshold securities list, 25 for example:
• the aggregate delivery failures do not meet the definition of a threshold security in Regulation SHO;
• the security's issuer is not registered or required to file reports with the Commission. For instance, the majority of issuers quoted on the Pink Sheets do not file reports or register with the Commission, and so would not appear on threshold lists.26