Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject	6/18/2001 6:42:51 AM
From: Kirk Messmer	of 6873

AREM attempted (failed) short squeeze On Friday, June 15, AremisSoft announced that it would expand its share buyback program from 1 million to 4 million shares, and "recapitalize" the company by issuing new Class A shares to replace the current shares. Upon approval by shareholders (meeting to be scheduled in about 45 days), one Class A share will be issued for every 1.1 current shares, and the company's transfer agent will "promptly" physically recall all outstanding share certificates. The current shares will be deregistered under the Securities Exchange Act and will no longer trade. biz.yahoo.com biz.yahoo.com Herb Greenberg commented: "a pathetic attempt by AremisSoft that fizzled. Shorts are actually laughing at this feeble attempt for a squeeze. Anytime a company goes to this length to squeeze the shorts you have to wonder why. Simple as that. If everything was fine the shorts would be taken care of by the fundamentals." thestreet.com I can't decide whether this is slapstick or farce.

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