Replies to post #5915 on World Surveillance Group Inc (fka WSGI)

[rocky301]

MTHS77,

Glad you made it over here. After reading the entire proposal I would not differ what I e-mailed you yesterday. Schwab has been the #1 market maker for 2004 and leads the way this year.

5. Who does Schwab Lend the shares to?

Schwab lens the shares to other clients or financial institutions to facilitate their trading strategies (e.g. short selling) and to fulfill settlement obligations (e.g. fails to deliver).

Letters started popping up from Schwab after REG SHO was initiated...If it were me I would send a letter back asking for 125% per month..lol..only my opinion...rock

BTW, you are the 3rd GTEL person I have heard of receiving this notification...rock

[rocky301]

MTHS77,

One more thought on the subject.

Schwab is basiclly saying, we are only interested if you plan on holding your stock for a while, if you plan on selling in the "short term"(whatever that is) we wouldn't be interested.

How common is it for a Market maker to want to pay interest(7%)to someone so they can BORROW your shares, especially on a PENNY stock? In essence they want you to HOLD a 29 cent stock, why would they go through all the expense and paperwork to do this? Are shares that tight? GTEL is pushing the 1B OS mark and Schwab wants to pay you so they can borrow shares?...I think your take may be right on the money MTHS77...rock