GIFS Message Board - Msg: 1127543

STOCKTALK

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Microcap & Penny Stocks : GIFS

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To: campe who wrote (3417)	4/4/1997 4:43:00 PM
From: greg martz	of 8012

Originally the short information came from Jeff, I am not sure how he got it but he has been investing in stocks for a long time and has a lot of connections and I fully trust his insight. I then expanded on it with Mike R. to find out what there take on this was, he stated that what they had learned from what they believe are pretty reliable sources that the short does exist. The people who shorted these 1mil+ shares believed that they were going to sneak them by Genesis and get them registered. They have tried to pass them through a number of times. They have not excepted Genesis offer to go before a judge so within the next 10 days Genesis is going to force the issue. I don't know if that means that they will go before a judge in 10 days or they will be served papers in some fasion. As for the squeeze, my believe is if everybody called in their shares we might be able to make it happen to a certain extent but realistically I don't think that everybody who responed to Jeff will request their certs. The real squeeze will happen when the news starts coming out and new investors come in. All the shares that have been called in will be off the computers so there will be less shares out there to hide such a large short in, it is then that somebody is going to have start covering these shares. I have been told that the magic number is a little less than 2 and if when the stocks goes up it breaks past that and holds for a couple of days they will start covering. So we will soon see. I have been noticing some attempts as of late on different boards to bash Genesis. Why all of sudden within a few weeks of big news? Why all of sudden people like JPatrick coming out to offer .25 a share? If this stock was really going nowhere why would anybody care a bring this stuff up unless specifically asked. Look at stock-line out of the blue someone has been posting negative things on Genesis no one asked their thoughts. I believe this is one last feeble attempt to keep investors away from the stock. The shorts no they are going to lose otherwise they would have went to court a long time ago and got their shares okayed instead of complaining on the this thread. Just my opinions you think about it and decide for yourself. Greg

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