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Dauntless (Ggeorges):
I have a surprise for you today (maybe tomorrow) at my site
S-3 filings, if registered by certain selling shareholders, don't result in proceeds to the company. The registry allows a mechanism by which ownership may be transferred from one party to another. The stocks that have this happen usually decline in price in the interim, and sometimes blow-up within a year (ALTN, CTII, LIPO, etc).
I will publish about 20 such cases. Amazingly all of these were taken from Buyside magazine, many of which have "buy" recommendations from analysts. The houses include - H&Q, Volpe Brown, BankAmerica RS, CIBC, Nationsbank Montgomery, etc.
The analyst and his retail staff get a commission on every single transmission of ownership in which they participate. In cases where a one-thousand-share-at-a-time distribution takes place, I find a lively discussion at SI. Amazing.
FJA
I am not saying that something like this will happen with ZONA. Simply watch for it. |
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