Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Ben Graham who wrote (6556)	11/6/1997 5:03:00 PM
From: Pancho Villa	of 9285

Ben, Thanks a million for your reply this rascals may be trying to do exactly what you are saying. I am concerned. If you have down you homework well, as your clever observation seems to indicate, then you know that at IPIC, IMO, investment banking appears to be of greater caliper than science. My only question is whether, given the circumstances here, IPIC can get rid of this asset (i.e., the intercardia shares) legally? Couldn't it be argued that this is a way of cheating people that may win in court out of their money? In theory, they could even declare a cash dividend! Of course this would probably be clearly on the "nono" side. The stock dividend is more in the gray area. Please let me know the outcome of your research. looks like to remain short which I want we will have to start talking to lawyers and bankers. I will ask Cramer at thestreet.com what he thinks since he is both! One him for sure him and Barron's may have interesting comments to make on this one. Regards, Pancho I

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