It's certainly one way to determine if your broker can or can't come up with the Certs to back up your street name paper position. And, if received it would provide hard evidence for recovery efforts in a subsequent class action lawsuit - assuming the problem is actionable. If the shares one owns are not liquid, what is the point of letting the brokers and DTCC play their vapor shares game with them?
Do you have a position in the equity concerned?
What do you recommend to people that are in that predicament? .
janiceshell: You state "There is no NSS. EIGH is not on the Reg SHO list. Short interest was 1500 shares on 29 October." We both know the SHO figures are bogus since abusive naked shorting is a crime according to former SEC Chairman Cox and criminals do not normally voluntarily report their crimes. I think it would be neat if the company requested a trading halt of their stock until a full certified audit of their shares/shareholders was completed by the auditor of the SEC's choice. That seems like a fair solution that would satisfy everyone. Heck, I would be happy to contribute to the cost of doing that if it were allowed and suspect other shareholders would as well. Go EIGH!!!
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