PKGP (Packaging Plus) Message Board

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Microcap & Penny Stocks : PKGP (Packaging Plus)

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To: TraderGreg who wrote (1078)	5/12/1998 6:01:00 PM
From: John S. Baker	Read Replies (3) of 4783

I'm more familiar with larger-valued stocks than with pennies, but.... If I short a dividend-paying stock, I have to pay the dividend to the person from whom I borrowed it. (The broker who holds my account actually does this without any intercession on my part.) It's a straightforward, though occasionally painful, process to do this when the dividend is described as a certain dollar value. But when it is described as a warrant ... unobtainable on the open market! ... I don't know the effect. Hopefully this is all part of a neat short squeeze. Dreaming now ... how would you like to be short nonexistent shares and faced with the prospect not only of buying shares to cover on the open market, but also of conning a legitimate shareholder out of his warrants (after they are issued) so that you can deliver them as well! Answer: I am not that adventuresome!

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