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Technology Stocks : NHC COMMUNICATIONS (TSE:NHC) acquiring THE FIBER COMPANY
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To: DaveAu who wrote (758)7/27/2001 8:05:16 AM
From: hugh thorne   of 856
 
Ok, tell me how this works. Roseworth short the stock and inso drive it down. Now, given the option to access capital is in the hands of NHC, how does Roseworth cover their position?

Stikes me that Roseworth are the ones with their butt on the line. NHC can excercise their option to get cash at market rates, and then some days down the road after the monitoring period, pull a Roth and disclose a a few little problems in their guidance. Who is hanging out their #$@ in that case?

The downside to the release is that it may just confirm that their comments regarding deals by calender year end are also off.
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