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Microcap & Penny Stocks : Genesis Media Group, Inc (GNNX)

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To: SuperCharged who wrote (1819)7/18/1998 11:09:00 AM
From: Sigmund  Read Replies (2) of 3129
 
Shareholder of record? I thought it was now one day...it is for tax purposes I believe. And even same day can be arranged for cash transactions I believe. I certainly am no expert on this but I do think that trading Monday would satisfy the requirement.

Why do we think that there is a lot of short interest in this stock?

And why do we think that MM's would have a problem being shareholders of record in time? And why do we think they couldn't just buy the stock spun of and deliver it if necessary? TNNS is worth what? $1, $10? At $10, that is $0.25 per GNNX share. At $1 it is $0.025 per share. Not that big a deal. Not worth driving GNNX up by more than that if you are a short.

Should we expect a big tumble Tuesday? No reason to hold past then if the dividend is the only consideration?
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