Short Squeezes Message Board

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Microcap & Penny Stocks : Short Squeezes

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To: Riley G who wrote (5)	8/18/1997 6:00:00 PM
From: Joost Bruining	of 182

Wow Riley, we seem to have almost the same situation (although I only gained 80% last week om Jyra). I don't understand your answer on the short squeeze on the Jyra site. Since I Read your OVIS thread I believe I now can better formulate my question. It is said that there were (or are) some 500.000 shares short (uncovered: so they don't have the Jyra shares)(free float is about 3 million shares). The uncoverd short's are said to be in problems (partly n because the good news) because Jyra announced a 100% stock dividend. In order to get this stock dividend all shareholders have to have the Jyra stocks in their deposit, so they will go and ask their banks to be sure the stocks are in their deposit. The short's will have to deliver the shares to the banks and will have to buy. I would apprecaite your opinion on this "story". Regards and good luck Joost.

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