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jon_e_og

08/03/04 11:53 AM

#69316 RE: fung_derf #69302

Well when you sell a stock that isn't backed by a cert, it is in fact a counterfeit...

the same as printing currency...a dollar bill is no different that a stock cert. Both are proxy of some type of Asset...when someone fails to back a particular debenture with an ASSET(i.e stock cert) it is considered counterfeiting...