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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: James Harold Alton who wrote (5043)	4/19/1998 2:58:00 PM
From: JOE MEDSKER	Read Replies (2) of 19331

<<<<So I agree, I think that the illegal shorting has been stopped, but that our shorter (who apparently is actually just a seller since he has been shorting against the box) appears to me has found a way to feed his shares to the MM's directly.>>>> James As you said there never was any "illegal" shorting as it is legal for Canadians and MM's to short any BB stock. As of now Mr. X has in fact shorted against the box. But the two brokers still have a problem in that it is a box filled with paper that is not very liquid. If he has been able to sell his future options to the MM's he has certainly taken a dramatic haircut. A lot has been said about everyone moving their shares out of a margin account to a cash account. Some feel it would not have an effect but IMO if Mr. X and friends plus the MM's continue to sell against a box full of restricted paper and options I believe it could cause them a few sleepless nights. Just something to think about. Best Regards

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