ZixIt Corporation (ZIXI) Message Board

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Strategies & Market Trends : ZixIt Corporation (ZIXI)

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To: Dale Baker who wrote (3916)	9/26/2002 5:28:26 PM
From: DaveMG	Read Replies (2) of 4120

I'm just wondering if you all might be able to clarify the short story for me. What's easy enough to understand of course is that many people think ZIXI will never build a large enough user base to make any money ,especially when one considers the relatively small number of seats "sold" when ZIXI signs up someone like Cigna. Or that when the stock was trading at much higher prices than it is now that valuation was totally absurd, which it clearly was. At this point though, considering that 50% of the new financing has been provided by insiders who clearly will be losers if the thing falls regardless of all this death spiral/toxic convert talk, and with the HIPPA deadline looming which might really enable ZIXI to gather some real world business momentum, it seems to me that the odds of a screamin short squeeze are high enough that being short just doesn't make much sense. The most likely scenario seems to me that the bulk of the short position is still held by people who are short from so high up that the tax consequences of covering outweigh the squeeze risk. Can anybody help me work this out? TIA....Dave

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