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Gold/Mining/Energy : PNL- ASE- (PNL.AL)Pender Capital Corporation

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To: billy who wrote (9)	6/17/1998 8:55:00 AM
From: Saverio	of 109

Billy: could you please expand on your << This is a korean owned company and 9000000 shares are held by koreans.therfore towards month end shorty may have to cover>>? Just my lack of knowledge: what is the relationship between month end and shorting? And what is the significance of the korean held shares? Thanks. Saverio

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