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Microcap & Penny Stocks : AimRite Holdings Corperation: AIMH
AIMH 0.0360-1.4%Nov 6 9:30 AM EST

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To: David Wiggins who wrote (278)12/9/1998 7:57:00 AM
From: tk715  Read Replies (1) of 662
 
IMO the only scenario that makes sense is that the company is selling shares to the MMs at a pre-arranged price. The company is doing this to "complete financing". The MM's are absorbing the shares to cover previous heavy shorting and go long in preparation for a runup in price they have planned. They have disposed of roughly 1.5m shares in the last 6 days without any jump in price. Huge blocks. If true, we can expect an anouncement of 'completed financing' shortly followed by a run up in price and then another announcement of a good contract. Most of the public will get in after the run up at which point the MM's will start shorting again for a bounce down.

This is all conjecture on my part, I know nothing. It is based on the price action, unsupported rumors from this thread, and a conversation with Elias where, unlike previous times, he said he didn't know a thing. He seemed to be very evasive.

As I posted previously, the price action is very is very similiar to USDI that went from .7 to 7 in months.

The upside, if true, is this stock has great potential to return good profits for those of us long sufferers. The downside is that the float has been significantly increased, probably close to the 20m authorized.

We should soon know
Gene
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