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Replies to post #11598 on Cal-Bay International Inc (CBYI)

Replies to #11598 on Cal-Bay International Inc (CBYI)
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PennyMaven

02/20/07 10:20 AM

#11599 RE: The Real Titan #11598

Looking on internet for examples of companies who have done it.

One fragment reads as follows:

By also performing mandatory share certificate swaps with a new issuer's CUSIP ... you can force naked and non-naked shorts to have to cover their positions. ...
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Belinda Bicciano Jr

02/20/07 10:28 AM

#11603 RE: The Real Titan #11598

Well, a brave investor like you and me should not have any trouble with this. It is full automated, wherever your shares are, into your account the quantity should not change once the operation is completed.

Ususally it affects only brokers who have sold more than what they hold: they will provide CoA to individuals first, then they will have problems with the ones they can't cover...