quote:Originally posted by new2stocks: Dear Ms. XXXXX:
Thank you for your email. I'm sorry for the confusion regarding my previous email. I do understand your point regarding the naked short position in CSHD. The reason I listed our policy regarding short positions was to let you know that no Scottrade client can sell CSHD short, therefore Scottrade as a firm does not hold any position short on CSHD. The shares listed on the NOBO list are not short shares or naked short shares. This is a list of Non-Objecting Beneficial Owners only and not short positions. Our back office is currently checking into why the NOBO list is show such a difference than what we have on file with DTC. I'll will let you know once I can confirm an answer.
Please let us know if you have any additional questions.
Sincerely, Matt R. Scottrade Financial Services, Inc. Scottrade has been named Highest in Investor Satisfaction With Online Trading Services Six Times in a Row by J.D. Power and Associates. For award information, visit www.jdpower.com.
posted
Me to Ryan... Chart...you crack me up!!!...stop making me jump like that...
quote:Originally posted by RyanPBF: love the enthusiasm buddy. you had me going I had to check that link like five times to make sure I was reading it right.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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Thank you for your email. I'm sorry for the confusion regarding my previous email. I do understand your point regarding the naked short position in CSHD. The reason I listed our policy regarding short positions was to let you know that no Scottrade client can sell CSHD short, therefore Scottrade as a firm does not hold any position short on CSHD. The shares listed on the NOBO list are not short shares or naked short shares. This is a list of Non-Objecting Beneficial Owners only and not short positions. Our back office is currently checking into why the NOBO list is show such a difference than what we have on file with DTC. I'll will let you know once I can confirm an answer.
Sincerely, Matt R. Scottrade Financial Services, Inc.
579,149,833.00 Lehman bond 6,341,092,356.35 new bond .3B UCC Note .5B Venz Bond .959 Finland Bond
TOTAL: 8,679,242,189.35
divided by 120,000,000 o/s
EQUALS = $72.3270
now, this is BOOK
It assumes that all of the bonds are 100% assets. It takes NO jv's into consideration. It assumes the o/s is still 120mil. It does not say what the price will be, since most do 2x - 8x....but let's say 2x as the lowest end:
posted
This is my latest response from Etrade...If you remember they told me to contact Ben..I emailed back:
I am not asking Ben Stanley if there is a problem with my shares...I am asking my broker. How is Mr. Stanley going to know if my broker recieved a FTD on my shares? It is a very simple question, are my shares "good" verifiable CSHD shares"? When I go to sell these shares will I have a problem in regards to "FTD" or a short positon? I am hoping that the answers are "Yes, your XXXXX shares of CSHD are "good verifiable shares" and you will have no problem selling your shares since there was never a FTD or short position in regards to your shares". Is it that hard of a question to answer?
they responded...
Dear XX. XXXXXX:
Thanks for your message regarding the CSHD inquiry. I am actively researching the questions that you are posing for this security and E*TRADES position on this scenario. I will be in contact with you shortly and I appreciate your patience.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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Is that why he's been "busy lately"?![[Wink]](wink.gif)
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. That's just the old stuff with a different title.
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