GRIN (Grand Toys International Inc) Message Board

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Non-Tech : GRIN (Grand Toys International Inc)

GRIN 27.41

+0.4%

3:59 PM EST

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To: Penny_Investor who wrote (337)	8/28/1999 5:20:00 PM
From: Frank McVerry	of 495

PennyInvestor, I first wondered what would happen with this stock on post #52 in the event of a sudden increase in popularity. Taking uncovered short positions in order to create shares and make an orderly market seemed way too risky a thing to expect of the GRIN MMs - they could have finished-up penniless ! My guess in #52 appears to be correct - the insiders had to make their shares available to the MMs, during the events of recent weeks (and if that wasn't enough then the only other alternative would have been a trading halt - so I guess $30 didn't warrant a trading halt). From your numbers, it appears that the insiders have been completely stripped of their stock and options. The result is GRIN now find themselves with their very own line-of-credit (and in good ol' US$ too - so it's bye-byes to interest payments and the worst aspect of their currency risk) and the management and staff now find themselves with various chunks of change - hope they're not too upset ! (may I suggest they consider buying some GRIN !?) Thanks for posting here, Accurate Info + Good Analysis = Less Volatility Frank

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