PKGP (Packaging Plus) Message Board

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Microcap & Penny Stocks : PKGP (Packaging Plus)

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To: Jim B who wrote (2630)	5/28/1998 8:15:00 PM
From: Shashidev	Read Replies (2) of 4783

I'm trying to understand something about the "short position" on this stock. ICC is saying that PKGP has around 35 millions outstanding shares, and the "short position" is between 30-90 millions shares. On July 1st PKGP will have a new name and call all the shares back to make that change. If the short position is higher then 35 millions shares, won't the MM's and shorters have to fight like crazy to get these shares? In other words what will happen to the MM's and shorter when the transfer agent will get all the 35 millions shares back and realize that they are millions of shorted shares floating around?

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