Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Bill Jackson who wrote (4181)	3/5/1998 6:48:00 PM
From: Mr Logic	Read Replies (1) of 18691

Bill W, there are terms in the Crystallex poison pill which mean that buying them out is not an option (directors keep control if they don't like the company buying 20% or more). You must know this. I know this and only started looking at the stock yesterday (and could NOT find shares to short). Placer Dome cannot step in. I read this not as something designed to help stockholders at all but to ensure that the argument "if PDG thought they would lose they would have bought them out by now" could not be used. I came at this with a completely open mind (I'm one of the few who made a lot of money from IPM which you rightly don't like) and I was trying to short within 2 hours.

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