Zia Sun(zsun) Message Board

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Microcap & Penny Stocks : Zia Sun(zsun)

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To: cornbread who wrote (3214)	7/6/1999 10:21:00 PM
From: Francois Goelo	Read Replies (1) of 10354

Cornbread, we've called the CERTIFICATES some 2 Weeks ago and because there are a lot of large shareholders including well known Brokerages, the move has been very successful. Last time I looked, I believe the number of Certificates called was well over the 1.5 Millions mark. The trading float is small and the number of "naked shorts" was recently around 2 Millions, without any legal existence or corresponding Certificates. Mathematically speaking, it has become IMPOSSIBLE to cover the position... As a result of this SHORTSQUEEZE, I expect a couple Brokerage to go belly up in Canada and Fahnestock to lose a lot more than their shirts. They didn't realize when they called the concerted shorting action that ZSUN had just bought OIA, which is a CASH generating MACHINE, that put a damper on the move and a floor under the shares. All of the above is of course my personal opinion, that of a long and biased investor... Regards, F. Goelo + + +

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