SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : AremisSoft Corporation (AREM)
AREM 0.10000.0%Aug 17 5:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kevin Podsiadlik who wrote (466)6/30/2001 8:44:41 PM
From: Richard James  Read Replies (1) of 683
 
Kevin, if your argument is valid, then every new idea would be doomed to failure. "If it's really just as simple as that, and any company can just arbitrarily force its entire short interest to cover for any reason or no reason at all other than to temporarily prop up their share price and hurt short sellers, why do we not see more companies doing this? " If valid under current rules and laws, as it appears to be, I have no doubt that the recapitalization plan will be approved and executed.

The SEC and the NADAQ will undoubtedly follow its effects closely and, depending on what occurs, NEW rules or laws may be passed to prevent another company from doing the same thing. Nevertheless, AREM will be permitted to complete its plan. Any new rule or law would, however, have no effect on it as its ex-post facto application would clearly be unconstitutional.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext