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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Mama Bear who wrote (86)10/1/1998 7:13:00 PM
From: Ignite44  Read Replies (2) of 1438
 
Barb,

Thanks for the explanation. I'm acting as an intermediary for someone
who doesn't have an account at SI. Here's his response to your last
message:

You assume that the investor would be able to find a substantial
amount of shares to short...this is a stock with almost no shares
available and most held in strong hands...there has never been more
than 10-20k shares short...also, from what I have learned that this is
a typical method of financing for bio-techs without established
revenue streams...North American Vaccine NVX for example is raising
25M thru this method and their stock has not collapsed.
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