EXSO -- Consolidated Eco-Systems (Exsorbet Industries) Message Board

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Microcap & Penny Stocks : EXSO -- Consolidated Eco-Systems (Exsorbet Industries)

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Jan 2 9:30 AM EST

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To: david m. uhler who wrote (1187)	8/11/1997 8:55:00 AM
From: J.S.	of 5015

"how did you see the short on a down tic as you alluded to in an earlier post." The expression "short on an uptick" is problematic in that it is often assumed that this only means "no shorting on downticks". Actually, it means more: say the stock is 1/16X3/32. Say many people buy at 3/32. For our purposes, this is not an uptick. The stock may not be shorted. It must go to 3/32X1/8 to be shorted..i.e. the inside bid must increase. It is very difficult to short a penny stock down to these levels according to these rules and without collusion whereby the short sellers conspire with each other and/or the MMs to artificially create scenarios whereby they can short when the inside bid increases. You asked me about MTCI. They have sued their debenture holders and it is likely that the issues outlined above will play a large part in the litigation. They have not commented on the details and neither has Con-Eco for obvious reasons. MTCI's stock dropped from over $1 with less than 20M shares to 1/32x1/16 with over 100M shares. It is now at 1/16x3/32 with new management. For an intro although a bit outdated see mtits.co.uk Joe

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