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Gold/Mining/Energy : Stealth Mining Corp. [SAL:ASE]

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To: Dav!d who wrote (19)6/6/1997 9:18:00 PM
From: StockPro   of 130
 
Hi David! It's me again! I just thought of another possible explanation for the "shorts". Canada Stock Watch reports 7,600,000 shares outstanding. However, the IPO consisted of only 3,500,000 shares. Presumably the difference might represent shares held by insiders before the company went public. Could these "shorts" be insiders selling shares that were not obtained through the IPO?

Like I said before, I'm no expert on shorting, so anyone else who cares to comment on my theories .... please do so!

Richard
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