Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Carl H. Gotsch who wrote (6958)	11/15/1997 9:40:00 PM
From: Carl H. Gotsch	Read Replies (2) of 9285

Roger and All: On the recommendation of a newsletter, I have been following Orthogensis (ORG)as a possible short. It's stock has been declining during the past few weeks (35+ to 28) but on Friday, it was up 2 1/2, apparently on the news (Business Wire) that the company's directors had declared a 25% stock dividend, i.e., investors get an additional share for every 4 shares they own. I have never come across this before and would appreciate some enlightenment. Questions: (1) Why does a company do something like this? (2) Assuming that the company's technology is suspect (the argument for the original short), what does this do --if anything--to ORG as a short candidate? TIA --Carl

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