Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: E. Davies who wrote (59661)	9/27/2000 7:02:46 PM
From: Fundamentls	Read Replies (1) of 122087

Or it could happen next week, all KREM has to do is file an S-3. The underwriter's lockup was only 180 days and expires next week. That is the only lockup. Once it's expired, however, insiders still can't sell without an S-3 because the shares aren't registered and the insiders don't meet holding period for selling unregistered shares under Rule 144 (all shares in the surviving company were issued on the IPO date and Rule 144 has a 1-year minimum holding period). But an S-3 is very easy to file. I'm maintaining a large short position and boxing the squeezes so that I'll be short when the day comes. With Bubba and Bertha Paunchbelly as the main holders and every share already borrowed, I expect a slow slide at first when the S-3 is filed or April arrives, then starting to accelerate as the Bubbas and Berthas start to panic. Should be fun. ;-) Fund PS the company hasn't denied that the lockup ends next week, nor have they retracted the erroneous statement the Prez made in the last earnings call saying that only 18,000 shares were being released from lockup in October. KREMinal, in my opinion.

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