Ergobilt (ERGB) - Ergonomic Chairs Message Board

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Biotech / Medical : Ergobilt (ERGB) - Ergonomic Chairs

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To: Anaxagoras who wrote (781)	3/24/1998 7:30:00 PM
From: Cosmo Daisey	Read Replies (2) of 900

Dr. A, The practice of showing double volume accounts for much more volume than actually traded. The 310,000 shows as 620,000 so that only leaves another 72,000 that actually traded. The news release could have read like this: Texas/Reuters US Today the chairman of Ergo Built (ERGB) dumped in excess of $1.2 million dollars worth of his companies stock while complaining that the short sellers were responsible for the recent decline in price. Is the complaint justified or just some smoke to cover his dumping of shares? Well known short seller Manuel Asensio who has an internet site that has issued a short report may feel justified in seeing the price decline to the $3 dollar range after issuing his report in the $12 range. asensio.com A heated discussion has been going on in cyberspace at the Silicon Investor site. Two sides each accuse the other of lying and one side feels the other is working for the company. Disclosure of past dealings for compensation were made by one poster probably using an assumed name as is common on SI. No explaination was available as to why the price moved higher today while the chairman was dumping his stock.

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