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sts66

10/18/12 3:49 PM

#1825 RE: bob smith #1824

Hmmm....it would appear that you are correct....great move by IMUC! Essentially, when you have certs, the actual pieces of paper, nobody can "borrow" them to short against since you have actually physical ownership of the shares - the downside for retailers is that if you lose the certs you lose your shares and whatever you paid for them, plus the obvious illiquidity.

bioman60

10/18/12 5:19 PM

#1827 RE: bob smith #1824

You're correct but it's not the legal shorting (borrowing of stock) that's been the problem. It's been the naked shorting that's killing it. The FTD's are off the charts.