Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: yard_man who wrote (15069)	3/16/1998 9:58:00 AM
From: James F. Hopkins	Read Replies (1) of 94695

Barry; You can't always count on shorts having to cover, even when the amount exceeds the issued stock. If the basics are really bad and debt is so excessive that the company is going to go under the shorts wind up buying the company for pennies on the dollar, can take control and ussue more shares and warrants or what ever and in effect just pay themselves back. I don't know the basics of that Korean telco..but it looks like maybe the shorts know they will not have to cover. Jim

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