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Technology Stocks : Zmax (ZMAX)/New Year 2000 play
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To: Allan Hyman who wrote (202)9/10/1997 7:38:00 AM
From: Thomas Kundrat   of 370
 
To all, an interesting observation from posters regarding another company on which shareholders are implementing a short squeeze:

WE ARE NOT TRYING TO SQUEEZE THE LEGITIMATE SHORTERS!!! We are squeezing the market makers. Our goal here is not to crush the guy who was hoping to buy back borrowed shares at a nickle profit. We are trying to trap the people who sold non-existant shares! Market makers sometimes gamble that a company will go out of business. When they do that, they sell shares with impunity knowing they will never have to cover. They sell millions of
"Non-existent" shares and flood the market. They aren't really selling you shares though, they are crediting your account with the promise of shares. That is where this squeeze comes from. It is incredibly important to the mms that this stock not go up in value. If it does (and it is) they have to pay for every single share that they "Created" and sold to people like you and me. Calling for Certificates is a way that a force outside of the market (the transfer agent) creates a new demand for the legitimate float. When that happens, buying force doesn't come from new investors so much as it comes from the mms themselves buying shares from one another and from you to cancel those debts (promises of stock they made to you). Since you have legally purchased shares, you are the only person who can give them that stock. Now YOU get to decide what that stock is worth and when you will sell it. I hope you pick a very big number.
not trying to be a zealot
but maybe asking for your stock certificates from your broker would help

(trying to make something happen)
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