GTAX - Gilman & Ciocia, Inc. Message Board

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Non-Tech : GTAX - Gilman & Ciocia, Inc.

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To: Doug R who wrote (117)	3/24/1998 8:33:00 AM
From: Dante Sinferno	Read Replies (1) of 184

<< no new short positions can be established at this time>> I looked all over for that rule , but couldn't find. I'm not doubting the info , I just wanted to look up when the period ended. In any event GTAX and/or GTAXW can now be shorted through Datek Securities as of yesterday. It was also posted awhile back that the SB-2 filing was not a concern. That may have been true short term as it takes awhile to register stock , but..... Since the SB-2/A was filed on 1/30/98 , the shares that are being registered "could" become effective any day now. That will result in some selling pressure here due to not only the extra shares in the float but the market for the warrants becomes limited once a date is set for their redemption. Many who play the warrants will not pony up the cash for the common especially when they see the dip the stock takes on the warrant call. See DSYS , BNGO , NIAG , MVSI , etc...for examples of this Regards , Rob

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