JAWS;A P/E of 2 with 150%/yr Erngs Growth!! Message Board

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Microcap & Penny Stocks : JAWS;A P/E of 2 with 150%/yr Erngs Growth!!

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To: Randomm who wrote (1589)	5/18/1998 5:08:00 PM
From: flightlessbird	Read Replies (2) of 4230

NASD information -- While I believe NASD was a worthwhile pursuit, I have now spoken to them myself and am convinced that any prior figures cited with respect to TGSK were either not supposed to be divulged or were simply unavailable. NASD has the positions reported by the various firms for all LISTED stocks. An otc:bb stock is NOT Nasdaq listed (sometimes people see them as Nasdaq OTC but that is inaccurate). They do NOT receive short position information on OTC stocks. Or at least that was what I was told directly. I do not know how the 599k figure was arrived at, but I assume it was the result of confusion on their part and not any direct infromation. Perhaps they do keep a log on otc stocks and someone violated a proprietary restriction in passing that information out. Or perhaps they looked up the wrong symbol. It's hard to say except that NASD knew when I called that I was calling about TGSK and said that such information was not available to them. They seemed fairly annoyed as if a number of investors had begun flogging them with phone calls (no surprise - and I would encourage people to STOP such calls as this is a dead end). I felt it appropriate to nip this one in the bud. This does not tell us ANYTHING about the short position. It only tells us that NASD would not house that information. I believe the individual on Yahoo made a sincere inquiry with NASD which was worth pursuing but was fed either inaccurate or proprietary information. I encourage all to continue probing and offering up information. It will get checked and rechecked to confirm its authenticity. That is the beauty of this forum. Information can be exchanged and confirmed or denied. Here we quickly were able to determine that an error occurred somewhere along the line. None of what I confirmed with the NASD surprises me. MMs are not required to report their positions on OTC stocks (which is part of why being listed is so helpful) and I have no reason to suspect that any MM would reveal their short position. I suspect that the TGSK short position is naked and shared among several MMs coordinating the short position. Unfortunately, this is part of the otc world and this gives you an idea of why Colin and Sitra are working so hard to remove this stock from otc land. I look for the MMs to put up a large fight to keep this stock under $4 as a nasdaq small cap listing should severely undercut their abilities to carry a large naked short position. I also look for Colin to pull out every ounce of ammunition to get this stock there. I think today's press release and buyback info is STRONGLY encouraging. As we near 2Q earnings, this stock is going to be on a whole bunch of people's radar. Why do you think Sitra is receiving a number of phone calls from larger, more reputable firms? They are beginning their tracking now in anticipation of qualification for Nasdaq small cap listing. If this stock debuts on Nasdaq small cap listing at $4-5, there are going to be a SLEW of firms looking to get clients in quickly at that price. I wish the NASD could be more helpful, but it seems they can't be. Not yet at least. Like I said, the longer this drags on and the more good things happen to TGSK without a share price increase, the more people are going to wake up to the massive shorting occurring here. Til then, there will be doubters for sure. IMO, 2Q earnings and nasdaq small cap listing will be the rocket fuel. However, that having been said, a few more press releases like Polaris and Fisher and we may get there sooner than expected. Don't forget just a few high rollers joining the fray could really continue to crack the short armor. And a second buyback announcement would really help.

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