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overachiever

03/18/08 9:19 PM

#9946 RE: tech345 #9944

It isn't really a short. It is covered by restricted stock and is done on contract. The seller gets his money less prevailing interest rates when he delivers the cert with the legend removed.

The Frankfurt (or Berlin) is often used by less than reputable penny stock companies (scammers) to sell restricted stock and circumvent the rules.

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BuckeyeMike

03/18/08 9:24 PM

#9949 RE: tech345 #9944

Yeah but Germans can SHORT the stock.