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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations!

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To: Roo who wrote (1502)3/26/1998 12:41:00 AM
From: brad greene  Read Replies (3) of 5847
 
Roo,

Thanks for posting. I'm learning.

The company needs to show that they have prospects and future growth potential......and be able to show that it is not selling large numbers of additional shares into the market...and that the insiders are not selling short or selling period.

Question. Will a shareholder's report from the company answer the question of the company's credibility on share count and float?

I have heard rumors that one MM is short and that another is very short. Is there any way to find out if this is true? ....and how many shares short they may be? If the transfer agent would be going to MMs to call in shares....I would think that they would need to know which MM to go to. Yes?

It would seem that a MM who sells Brad Greene 50,000 shares of BANY that is a naked short.....he still must deliver the shares to my broker, right? If there is a MM who is 800,000 shares short BANY....who would know? Are they allowed to short more than the float?.......if so, why not short 1,000,000,000 shares. Is the only fear for the short MMs what the long MMs might do to them if they felt like it?

Thanks for answering all of these questions, Roo.

bg

ps. Sure seems like there are two ways to look at this....at this point.

pps. One way is to look for MMs to move the price down in order to rattle folks here into selling. I noticed that the cross trades stopped today......but were very present Monday and Tuesday.
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