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c7bk

11/16/11 12:45 PM

#62299 RE: growthstocks #62298

Oh my God, seriously? Let me try to teach you how this works in the real world.

"The company issues the stock through a legal opinion given to their TA. The TA then sends the shares (DWAC) electronically to the DTC with the instructions as to who gets them. The broker of the receiver goes into the DTC system and claims the shares into the trading account.

No clearing of paper cert necessary because the DTC has cleared them electronically."


If people are going to trade pinks they should at least understand how dilution works......

capiche?

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CKTrader

11/16/11 12:50 PM

#62302 RE: growthstocks #62298

i really don't have the answer to this. is it possible for funders to short the stock until certs clear then put the new stocks back from the source they borrowed from? i'm pretty sure thatguy tracked it one time following a funder and some of those shares did sell before certs cleared.