|
The MM "ALEX" is J. Alexander Securities, Inc. Two trading desks, one in L.A., and the other in Miami. Sorry, but I won't list their phone #'s as I think it would get back to me. If I were you, I would focus on the Miami office. CD is located in Florida, so it fits. I would not be suprised to find a lot of stock for sale through ALEX, but I am not so sure it is a short. These small firms usually don't go over 50,000 shares short, they simply do not have the capital. I would look for whoever it is that is feeding them the paper to sell.... No new tricks in this game, just the same old ones with a few twists. CD won't try to kill this company because the SEC can at any time go over their trades to see what they did. Doesn't fit that they are short, looks like paper being fed through them into the market. Also, they are being sloppy about it. Normally they (The one with the paper) will use many different ones (MM) to cover their tracks. We call this a "Jitney Trade" and this is a very popular way to trade in Canada. No one can ever find out where the trades are comming from. So, yes, they are sloppy. Look to see the cash position of the company and if has grown. Ask them if there is a 504 offering. When the form 10 finally gets filed it will all come out, and I have yet to run into a company this size that didn't have a few strange things on the form 10. I have my own suspicions, but lets see the form 10 and everyone can judge for themslves. |
