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Technology Stocks : Globalstar Memorial Day Massacre
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To: Mama Bear who wrote (174)5/13/2000 1:15:00 PM
From: The Duke of URL©  Read Replies (1) of 543
 
<. Shareholder #3 decides to remove his shares from the pool of available shares. This will not effect either of the shortsellers, as there are still 5000 (7000 - 2000) shares in the pool available for short selling.>

But if there was no water left in the "pool", ie the shorting were so extensive that all shares available for shorting had been borrowed, THEN there would be a share for share reduction.

AND, I don't want to seem grassy knolling here but there is "urban legend" (and, I believe, at least one SEC case?) to the effect that there are some offshore brokerages that are not 'real strict' about the 3/10 day rule.

If this were the case, then isn't it theorectly possible to have more shares outstanding than the float. AND, if there were more than one transfer agent, how would any one transfer agent really know the total.

Oh........, Mama........, could this really be the end........., to be stuck here inside of Mobile with the Memphis Blues again. If ya catch my drift.

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