Jax International (JAXI) Message Board

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Microcap & Penny Stocks : Jax International (JAXI)

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To: Israel who wrote (466)	8/23/1997 1:57:00 PM
From: tom pope	of 2430

i still don't get it - and i wish the author had expanded on the following --- <Because they are market insiders they can use various techniques to sell stock that doesn't exist.> what are those techniques? is it that phantom stock can only be created within a firm - i.e. when a some one buys 1000 shares of company x, the broker creates an entry showing the buyer to "own" the stock without actually completing the transaction in the market? in other words, the phantom shorter has an obligation to deliver the stock in the future, but can defer it until our buyer actually sells? i'm confused. tom

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