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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Leroyt who wrote (14323)4/29/1998 4:02:00 PM
From: Terry D.  Read Replies (1) of 27968
 
Freddie----won 10 of 18 holes. tied the last two and won the putts. Reading all these new posts wore me out more then golfing. *L*

Shorting happens many times when conversion date is coming near. MM people will drive down the price so the average with in a certain time frame (determined by the contract) is lower then the contract price. i.e. MM agrees to X amount of money with the option to purchase X amount of shares at $X dollars or average of preceding 30-60- days price range. This happened with TCLN. Price was $5 range. conversion date coming near. MM started shorting the hell out of the stock. Instead of paying $3-$4 dollars a share they picked it up for around .55 cents a share. This was done through Herzog and other MM. Can't remember all their names but am sure TCLN thread could give them to you. Hope this helps explain some of the shorting that goes on. It is out right stock manipulation.

Terry D.
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