Post by sandi66 on Oct 20, 2007 15:13:21 GMT -5
By: ilikejagmedia
16 Oct 2007, 06:17 PM EDT
Msg. 89457 of 89526
(This msg. is a reply to 89456 by dogdays_2.)
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Dogdays, try to get through your feeble and bitter mind. The JAGH fails are in the ex-clearing system. The stock is not on the Reg SHO threshold list. Therefore the fails will not be generated through the DTC until shareholders go to sell their shares that are counterfeit ones deposited by journal entry in their account. They will go to sell them sometime after the merger and the buyer will demand delivery. OOPS the broker can't deliver and according to the new REGS will have to buy in real stock to deliver on behalf of the seller.
As posted yesterday, Jim Cramer, was talking about naked shorts in Crox, but OOPS Crox is not a mainstay of the reg SHO list so he must hae been referring to EX CLEARING FAILS.
Darn, I hate how these facts get in the way.
ragingbull.quote.com/mboard/boards.cgi?board=JAGH&read=89457
When shareholders go to sell counterfeit shares, ALL HELL will break loose.
16 Oct 2007, 06:17 PM EDT
Msg. 89457 of 89526
(This msg. is a reply to 89456 by dogdays_2.)
Jump to msg. #
Dogdays, try to get through your feeble and bitter mind. The JAGH fails are in the ex-clearing system. The stock is not on the Reg SHO threshold list. Therefore the fails will not be generated through the DTC until shareholders go to sell their shares that are counterfeit ones deposited by journal entry in their account. They will go to sell them sometime after the merger and the buyer will demand delivery. OOPS the broker can't deliver and according to the new REGS will have to buy in real stock to deliver on behalf of the seller.
As posted yesterday, Jim Cramer, was talking about naked shorts in Crox, but OOPS Crox is not a mainstay of the reg SHO list so he must hae been referring to EX CLEARING FAILS.
Darn, I hate how these facts get in the way.
ragingbull.quote.com/mboard/boards.cgi?board=JAGH&read=89457
When shareholders go to sell counterfeit shares, ALL HELL will break loose.