Replies to post #1683 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Cowboy]

Trops the company is on top of it and have been for some time.

[PowerPole]

Trops...The only ways I know of to stop the MM's

From short selling your shares is to:

1) Buy and hold in a CASH Account, not a Margin Account...They can't touch them that way...

2) If all you have is a Margin Account, the Only way to keep the MM's from 'Borrowing' your shares if you plan to hold them for a Very Long Time, is to request your broker to mail you a Stock Certificate for ALL of your shares...

3) After calling Broker's from all three of our accounts (Fidelity, Ameritrade, and Scottrade) they all said the same thing: "Setting a Good Till Cancelled Limit Order to Sell all your shares at a price as high as you are allowed to, will NOT keep the MM's from borrowing your shares in a Margin Account" Period!

They all suggested that I transfer all of my shares out of the Margin Account(s), and open a new Cash Account...

[grizzy]

we can start by making paper requests. remember MM naked shorting relies on virtual shares. if we all request paper certificates then whoever provides them has to back them up with real shares.