Ergobilt (ERGB) - Ergonomic Chairs Message Board

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Biotech / Medical : Ergobilt (ERGB) - Ergonomic Chairs

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To: Scott D. Hakala who wrote (777)	3/24/1998 4:13:00 PM
From: tonto	Read Replies (1) of 900

Positive twist to a negative story? Chairman Gerald McMillan was forced to cover his margin account by selling 310,000 shares after the price fell below $4.00. He now has approximately 2.2 million shares remaining. McMillan was pleased and announced, "The purchase showed that the investment community has confidence in the stock and may have pushed some short sellers to cover their positions, accelerating the shares' rise, McMillan said. It wasn't immediately clear who bought the stock. Stock moved up for the day. Is this positive news? Is this really newsworthy? Is this instead, part of a sad story of a stock that has dramatically lost value?

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