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Technology Stocks : NTN Communications, worth 185 million?
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To: Rich Genik who wrote (1999)2/16/1998 6:03:00 PM
From: dwight vickers  Read Replies (2) of 2985
 
Rich,

Here's the late response I promised you.

As far as "borrowing" shares to short.

Anyone who has a margin account can have their shares "borrowed" anytime without being asked.

Whether or not that's how they do it in the offshore shorting game, I can't claim to be sure. Anything is possible where the SEC doesn't tread.

As far as your speculating as to the "investors" profit potential goes....

I read about ten times and I think that I understand how you're laying it out. All conjecture as you know, and I don't have a clue.

You are of course, quite optimistic as to the final conclusion. I don't see that being the way it ends.

Think about it this way. If they wind up with lots of extra shares and have already made their money back several times over, they will be taking whatever they can get for those shares before they go to zero.

That means lots of overhang for the stock.

These guys don't get involved with stocks that they think will go up and ruin their game. So why would they hold anything?

One last thought. If the REG.S/D boys wind up with 10-11 million shares, and lets say there's 30 million shares pre-conversion, fully diluted.

Doesn't that mean that Sokol sold 25% (minimum) of the company for $7 million?

Regards,

Dwight
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