Replies to post #23771 on Skybridge Tech Group (SKGO)

[pennypincher44]

Actually I have never done a digital transfer. This is new to me,
In 2005 I pulled my certificate of 1,000,000 shares in one company, but I still have 30000 shares of the same company, in my Etrade account, just waiting, and it only cost me $20 back then, and I did it by phone. Call me a dinosaur, but this digital transfer sounds like a viable venue to transfer some of the shares of several companies I own and I would do only a partial transfer.

For example I have 100,000 shares in XYZ Stock, I would do a transfer of 50,000 shares in case the stock does strike up, then at least I can trade half of my shares and if it does take off, I will have them transferred back to my Etrade account.

[pennypincher44]

THE SEC definitely knows about the naked-shortselling that has been going since I beleive the stock market was incepted. But they turn their heads the other way when they are approaced. That's why today it's so difficult to get a physical certificate, they made it difficult because they know what's going on. But on a positive side they put in a new regulation to curb this practice withing the next 60 days. Otherwise the entire exchanges will be wiped out and there will be no more stock trading ever.