Replies to post #4275 on World Surveillance Group Inc (fka WSGI)

[d33c4f]

Sebass, one problem

The majority of the float is held by insiders and now mutual funds.
Which do not mind lending their shares.

Even if every retail holder on this and every gte board did this, it would make little difference.
There are still plenty of shares

On the other hand, it still does reduce the amount that can be shorted somewhat
And your ability to trade is no different in a cash account.

It's a good alternative to getting your shares in certificates. Which is a complete bonehead move

[wolfrun]

Or have 2 accounts, one cash and one margin. Buy the stock on the margin account and a week later switch it to cash account. then listen for the explosion!

[SEBASS]

HOW TO PREVENT YOUR SHARES FROM SHORTING 2--CONT.

Someone else posted this email on info board.
I guess i was lied to I will have to write AMTD.
http://www.investorshub.com/boards/read_msg.asp?message_id=7213354

I got this from another board but think it is relevant as Huff mentioned this in the shareholder letter. I mentioned this before I think you must do (2). IN WRITING

From: Ameritrade Plus Client Services
To: xxxxxxxx
Subject: Re: Margin Question (KMM27864922I20)


Dear xxxxxxxxx


Thank you for contacting us today regarding loaning stocks for short sales.


Clients who have a debit balance in their margin accounts may have their stocks loaned to Ameritrade as broker or to others. If you wish to not have your securities loaned out , you will need to either:


1) Reduce your debit balance to zero by liquidating securities or depositing funds to pay the debit amount.


Or


2) Elect to have all securities in your account exempt from short sell loans. Your request will apply to all positions in your account; requests cannot be made for specific securities only. If you prefer this choice, send a written request stating that you do not want your securities loaned for short sell transactions. We can only take this request in writing, not via phone. Mail the written request to:


Ameritrade Clearing
Attn: Security Lending
1005 North Ameritrade Place
Bellevue, NE 68005


Please be sure that your request is received 10 business days prior to the ex-dividend date to ensure your shares are not loaned on the ex-dividend date. Please keep in mind that your request will apply to all positions in your account; requests cannot be made for specific securities only.


If you have further concerns or inquiries, please reply to this message.


Sincerely,


Patrick McNeese
Client Services, Ameritrade Plus
Division of Ameritrade, Inc.


Original Message Excluded: