IRID - Iridium World Communications IPO Announced! Message Board

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Technology Stocks : IRID - Iridium World Communications IPO Announced!

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To: BAXTERBOO who wrote (2424)	8/24/1999 1:04:00 AM
From: dumbmoney	Read Replies (1) of 2693

Now I have a short position in my account....I have to call tommorrow though, I'm confused....it shows short at 3 1/16...I'm very confused. I have Aug 5 puts. That's normal. $5 - $3 1/16 (last market close) of the short proceeds are spendable cash, and the rest is held in a short account. It's the same as if you had shorted at $5, and then the price of the stock fell to $3 1/16. The halt is crummy for us shorts since the current market value is obviously less than $3. BTW, IRIDQ is now delinquent in its SEC filings. I wonder if it will become IRIDQE? Or perhaps IRIDEQ?

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