QDRX Message Board - Msg: 5621868

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Microcap & Penny Stocks : QDRX

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To: Glenn Olsen who wrote (3601)	8/29/1998 2:26:00 PM
From: J. Davies	Read Replies (3) of 3977

I don't want to defend either party in this lawsuit but, as I recall, someone on this thread (or yahoo) showed that there wasn't a lot of shorting going on. Again, as I recall, Sovereign made money by getting their shares at a 20% or more discount on the current price every time they converted a block of debentures. This happened in stages and I think they only converted one stage before the share price took a dive. Like most people, I have trouble understanding shorting but I don't see how Sovereign/Dominion could make money on shorting. JD

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