Quarterdeck: Making a Striking Comeback! Message Board

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Technology Stocks : Quarterdeck: Making a Striking Comeback!

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To: Jesse Livermore who wrote (1224)	7/23/1997 8:33:00 AM
From: dwight vickers	of 3307

The only thing you missed is that most Reg.S is done as preferred stock that is converted at a discount (up to 25%) for the offshore finance guys. That is one of the damaging parts. Lots of stock issued at a discount. The reason Reg.S is done offshore is because there is no SEC filing requirements as to details. So even if the stock goes up (and I know of no cases where this has happened) the stock is discounted when converted. And they don't have to cover when it's converted, they can also sell that stock and leave the shorts in place. Massive selling pressure, and no one on Wall Street will buy once they see Reg.S. It's too well known today. The Reg.S boys hold all the cards. The stocks don't go up because they have the shorting capabilities to obliterate them. They are standing in line to loan money this way, it's a money machine. The Reg.S done by QDEK did not state that it was discounted, so it was not the most damaging. But there is no good REG.S. There are boards on SI that are dedicated to following Reg. S companies to short them. Dwight

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