Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: HandsOn who wrote (101964)	5/2/2000 11:30:00 AM
From: If only I'd held	Read Replies (1) of 108040

Interesting situation.... finance.yahoo.com biz.yahoo.com "ProxyMed also announced it has been advised by its largest external stockholder that, as a result of margin calls, a significant number of shares of the Company's common stock owned by the stockholder have been sold into the market by brokerage firms. The Company was advised that the external stockholder continues to own a substantial number of shares that remain subject to possible margin calls. The Company cannot determine when margin sales on behalf of the external stockholder will be discontinued by the brokerage firms. In addition, the Company has been advised by the Chairman of its board of directors that also as a result of margin calls on a brokerage account maintained by him, shares of the Company's common stock owned by him have been sold into the market by the brokerage firm. The Chairman has advised the Company that, as a result of the margin calls, all of the Chairman's shares have been liquidated, except for a minimal number of shares owned by the Chairman's family members."

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