And another "coincidence" Riley reports someone is shorting 2,500,000 shares of TVSI possibly someone with inside information, it is then reported that Raabe is selling 2,500,000 shares.. or did he share information with someone who did ?
>>>>TRAVIS DIRECTOR FILES FORM 144, TO SELL SHARES
WASHINGTON, DC, Jun. 06, 1998 (States) -- Thomas P. Raabe, a director
and CEO of Travis Industries, Inc. of Council Bluffs, Iowa, reported on
May 26, 1998 the proposed sale of 2,500,000 shares on May 25, 1998 and
Aug. 28, 1998, for $70,000 through Pacific International Sec. Inc<<<<
To: +Tommy Hicks (3322 )
From: +s martin Monday, Jun 8 1998 6:30PM ET
Reply # of 3721
And if Raabe shorted 2,500,000 shares at .30 then covered at .028 ...........................mmm mmm that's $425,000 going by Riley's figures...
To: +Seeker (157 )
From: +Riley G Thursday, May 28 1998 5:49PM ET
Reply # of 272
Imagine if pi-securities.com Pacific International based upon inside information of the TVSI deal shorted 2.5 million shares on the day TVSI ran to .30 cents because they knew that TVSI would be selling 2.5 million shares later and they would use those shares to cover their short position! I saw two larger blocks trade at 1 million and 1.5 million shares during the .30 day. What if PI is using the 2.5 to cover a short and pocket the estimated .17 cent profit of $425,000!
This means the problems of the lowering stock price is with those brokerage firms manipulating the price down for their own advantage! |
