Replies to post #31845 on Phoenix Associates Land Syndicate (fka PBLSQ)

[momentumtrader]

Another thing about stock.
Call your broker and have them put the shares that you own into type 1 and not type 11.
Type 1 cannot be lent out, type 11 can. My one broker who clears through Penson has done this for me. It shows up as stock that is cash instead of marginable. I could've sworn they switched it a few weeks ago as per my request and somehow switched it back. This time I will be watching much more closely. I am going to ask e-trade to do it, but I'm sure it will turn into some kind hassle knowing how they operate.

[PUNTANG]

Another good reason to get your share certificates is to support the PBLS request for the shareholders to get them. Their TA has you on file so you can be verified as a shareholder. I've found it has helped me get phone time with RB and MM after I told them that I have my certificate.

[MrPastorious]

the shorts are actually fail to delivers, and do not need to borrrow shares.

[Renavatio]

That's weird about Scottrade. I had my core shares certed in Sept and it took about 4 weeks for them to come in. Though the guy at my local branch seemed surprised I would want the physical certificates, he still had them sent after I paid the $50.

I have to agree a bit with pnew and Mr. P about having them certed. I don't know really if it helps, but I also admit that the whole NSS thing is a bit confusing. I know it happens, I just don't know how you can stop it from happening until the government intervenes. I just wish we'd move to an exchange where there is no shorting of any kind whatsoever, like a foreign exchange. I just did it to help me resist selling shares for the small gains. I might get burned by it, but that's one of the risks in this stock.

Ren
IMODYODD