Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.470

-0.7%

Dec 19 9:30 AM EST

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To: Bill Wexler who started this subject	7/1/2003 9:34:57 PM
From: N. Dixon	Read Replies (1) of 10293

Equities Magazine had a little blip on REFR in its latest magazine. Robert Flaherty wrote: "The explosion of quotes after decimalization has made the protective uptick rule meaningless. Naked short sellers are destroying and destablilizing legitimate companies like Research Frontiers. By not properly borrowing shares before they sell short, naked shorts sell the unsuspecting Mr. and Mrs. America shares that don't exist and naturally are not delivered in the required number of days by the clearinghouses owned by prestigious firms. Shame on them. The shares sold short at Jag Media Holdings are five times greater than the existing shares." If REFR has 12 million shares, does this mean there are 60 million naked short shares - plus the 2 million that are disclosed? If so, some people are in even deeper dodo than I thought possible. Impossible to get out of that type of position. I smell another fiasco in the works for the "prestigious firms."

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