What I actually said, if you will read the post is that the TA does not give information about the float, just the O/S. I also admitted that I had made an error when I posted, not a lie, an error. The point of the post was not about the O/S shares in any event it was about determining the number of shorts. The plan to transfer accounts to DLJ as a way of verifying a short position may be a good one, if in fact if will help determine once and for all if there is a short position. It appeared to me that Riley was requesting everyone to send their certs to DLJ which seemed to defeat your purpose in calling for them, as I now understand it, there is no plan to return certs to that them. What have you got to lose ? Go for it........
>>You "vouch" for an individual who LIED about the TA verifying the float at 17MM , that makes you an accessory to his lies<<
I certainly would not take the word of Morgan or Breton, the transfer agent says there are 17,255,000 outstanding shares... but the transfer agent will not give information about the float. That is what you need to know.... how big is the actual float and how many certs have been delivered. It seems Riley is the keeper of the list and he protects that information but it may be time for other parties to request the list and then start the process of verifying it by contacting those reported to be holding certs. If Riley's list includes the shares of the Reg S lenders from the 1996 offering and also includes shares owned by Breton and Morgan... you may have a sticky wicket, because you cannot be sure they are in fact being honest. It's good to see that some shareholders are beginning to look at their options. JMHO
To: +Riley G (44860 )
From: +s martin Friday, Apr 3 1998 10:50AM ET
Reply # of 48101
I concede that I did in fact make an erroneous post yesterday, I was making a post in haste and did not take the time to "proof" it before I left. The number of outstanding shares is in fact 14 MM as opposed to 17 MM... the float however is unknown to me as the TA does not give the float numbers only the number of O/S shares.
The number of shares O/S is not as important at the moment as the number of shorts that can be verified, if action is to be taken to resume trading, the shareholders need to try to verify the number of shorts because if there is no significant number of shorts, the resumption of trading will not result in the expected short squeeze. |
