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Microcap & Penny Stocks : PKGP (Packaging Plus)
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To: John S. Baker who wrote (4187)6/25/1998 10:05:00 AM
From: blash  Read Replies (2) of 4783
 
JSb...Thanks for the response. I'm a faithful reader of this thread and, as you stated, others have wondered if the "new" shares may somehow be used to replace the "old". Assuming this is possible, the Naked Short problem is perpetuated and will never be resolved until a percentage of the shareholders which is greater than the short position try to sell their shares in unison. Admittedly, this is unlikely. I've probably pondered over this unneccesarily, but other than the National Debt, I know of few situations where something can be created out of nothing. Now if we assume that "new" can't replace "old", then there will be a lot of investor carnage unless there is some type of insurance that will cover us. Thanks again for taking the time answering my questions.
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