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Pastimes : Investment Chat Board Lawsuits
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To: Handshake™ who wrote (1368)4/10/2001 10:06:54 AM
From: Mama Bear  Read Replies (3) of 12465
 
Gosh, I still recall when Solv Ex called in all their stock and reissued new stocks in order to squeeze the 'illegal naked shorts'. Back in those days I was actually naive enough not to know what a pile of nonsense a story like that was. Anyway, D-day came and went, and all that happened was about 10% of the longs didn't bother to claim their new stock. No squeeze, no naked shorts pleading for mercy, actually, a most significant non event.

Reality is there are no naked shorts in excess of the number of shares a clearing house is holding long. I'm sorry if you want to believe otherwise.

The DTC is not conspiring against your poor hardworking company that will soon bring world peace and prosperity if only NITE and the DTC would quit piling on the naked shorts.

Changing the cusip # doesn't force a short seller to cover.

There is no such thing as a dividend that is impossible for a short seller to pay. If it is impossible for the short seller to pay, it is impossible for the company to pay as well.

Good luck with your squeeze. I marked May 1 on my calendar and will have a chuckle when nothing happens except another looney tunes fantasy going up in smoke.

I know, I know, this time it's different.

Regards,

Barb
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