Replies to post #61963 on CMKM Diamonds Inc (fka CMKX)

[janice shell]

"Could" is the operative word here. Have you ever seen that happen? I've watched many cert pulls, and not a single one had any effect at all. But then the stocks in question apparently didn't have the Huge Short Position that they were "supposed" to have.

That having been said, there is great truth to the fact that ultimately if everyone asked for their certs and there were fewer certs available than requested, forced buy-ins could result.

Certs are not difficult to "find". How fast you get them once you've requested them depends on the efficiency of the TA. Someone posted here the other day that he requested his and got them within a week.

[stocbyr]

Zen, getting certs does not always work. Read below.

Zen, I have some shares in a company called PAYD. It seems
to be about to get a patent approved re shipping calculations form on line transactions. Could affect every transaction and they could potentially get royalties from all of them...so it could be big if the patent is approved which seems pretty likely.
Anyway, PAYD went to all cert trading during the winter months in the hopes of forcing a naked short covering. But, nothing happened. No regulatory agency came to the defense of PAYD and it sits at .25 or so.
PAYD has a high powered law firm representing it too...the firm that got the judgment against EBAY for something...which I forget at this point, sorry.
Dont know if the law firm is that proficient in SEC regs., etc., but I just wanted you to know that another company has tried to beat the naked short selling by going to cert only trading and it has not worked.

[Nandi]

Zen,

Thank you very much. I appreciate your reply. My best to you. Thanks again,

Nandi

[ACTX]

Certs are avilable
I called my Bro. Co. they told me it takes 4-6 weeks.
I have already made a request.IMHO one should call his/her broker and find out the time involved getting Certs deliverd.


actx