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Microcap & Penny Stocks : PKGP (Packaging Plus)
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To: John S. Baker who wrote (2975)6/4/1998 8:45:00 AM
From: TERRA33  Read Replies (1) of 4783
 
MM enter into short positions all the time. They will settle a trade for your broker, and later acquire the shares from another MM. This happens all the time, in this case the floorless debentures have made the problem even larger. NO one is holding "illegal" shares, and no one's broker will be calling and saying "oops we sold you shares that did not exist". Most transactions are done bookentry, the certs are never reissued in your name/your broker's name. That is why if you call for your certs it takes time.

How will they cover? They will be forced to run the price up until people start to sell, the longer we hold the higher the price must go to entice us to sell. The MM's are going to have to scramble to get hold of share. It is supply and demand.
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