Hey folks, came in for coffee from working outside and I see where you all have been busy posting to each other and after reading Ditch's post here about the different cusip numbers, (106's vs. 205's) a thought came to mind, that does it really matter what cusop numbers the brokers are working with right now?? This is NO LONGER an issue of counterfeit shares (or whatever you want to call them). As far as I understand, the discrepancy in share count HAS been covered by TM's cert to the DTCC.
Please correct me if I am wrong but aren't we ALL working with I.O.U's in our accounts. The share counts that we all have purchased on our own behalf's and for what we could afford at the time (Aug, 2005) I assume, for everybody is correct BUT now that TM has cut the cert to the DTCC to cover ALL the outstanding shares, we should ALL be able to go forward with buying or selling since our shares ARE simply electronic markers with our respective brokers.
Granted it is the responsibility for our individual brokers to settle the paperwork (cert) exchanges to the 205's BUT how is it LEGAL for our respective brokers to prevent us from trading BCIT with the excuse that they do not have 205's in house?? They have IOU's backed up by the MASSIVE cert that TM provided DTCC.
As I posted previously, I sent 3 emails to Scotturd yesterday and I intend to HAMMER my Albany office manager for answers on Monday. I just can't wait to hear his line of BS which is typical simply because I have dealt with the guy many times before and his way of thinking is thicker than a 6ft thick slab of concrete. I have always felt he would make the "perfect" politican. LOLOL
Enjoy the weekend folks, Steve
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