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Biotech / Medical : Medical Industries Of America, MIOA
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To: jennifer taggart who wrote (288)8/31/1997 1:19:00 AM
From: Brad   of 570
 
Jennifer & others reviewing the "cartel" idea.

I agree with you, Jennifer. We needn't do anything hasty. I think patience, along with several other characteristics, can serve a cartel very well.

Cartels, like anything else, can be done well, or done poorly. Yes, watching how the OVIS cartel performs would be very helpful, both for its strengths and its weaknesses.

There are also a few things of which we could stand to be more knowledgeable before deciding what direction we might take as shareholders. For this "cartel" discussion...

First things first. From my previous post (#271)

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POINT 1) The stock should be seriously shorted to a point where there are "naked shorts" (shorted shares that are NOT actually coverable if all certificates are called in). In other words, there are more short shares than there are Total Shares Outstanding. Technically naked shorts are illegal, but it happens often because it is not policed and the MMs are usually able to play with the share price and scare shareholders into selling at low prices. The MMs make millions this way by "manufacturing" shares that do not really exist.
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I am doing some research on the short position with MIOA. I'll let you all know what I find. If anyone else has information on the short position, please post it.

Thanks,
Brad
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