Zitel-ZITL What's Happening Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Zitel-ZITL What's Happening

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Graeme Smith who wrote (14719)	3/20/1998 7:46:00 PM
From: Benjamin G	of 18263

Graeme, Concerning the Cayman group, <<4) Cayman islanders previously shorted. They exercised their options on Zitel just after last results. The big trades were them covering their shorts. This does not explain the options, and also leaves them at risk as they now have to try and sell their new holdings of Zitel stock.>> I am not sure I follow you here. I believe shorting by the debenture holders would not have to be covered by purchases on the open market as Zitel must deliver new shares to the Cayman group upon conversion of the debenture. These shares could then be used to return the borrowed "shorted" shares. Ben

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next