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Technology Stocks : FirstWave Technologies (FSTW)

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To: Phil Forbes who wrote (1267)7/19/1999 3:00:00 PM
From: McNabb Brothers  Read Replies (5) of 9677
 
Phil,

>I can't imagine that all of those are outstanding<

They are not all outstanding in that Richard Brock owns about 35% of the company give or take and there are a few other insiders that own another 4 or 5 %. Also I know of another 200,000 shares that have not been traded today which is another 4% of the outstanding shares.

My guess the shorts are beginning to pile on it and if that's the case we may see $20 this week.

By the way for those whom want to short it and can not find shares there are 200,000 shares being held at Charles Schwab that I know of, so be my guest and go borrow them.

Hank
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