Winspear Resources Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Winspear Resources

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rocket Red who wrote (8169)	10/2/1998 2:53:00 PM
From: E. Charters	Read Replies (1) of 26850

They drive the price down for financings, not up. Nobody wholesale wants a premium. These are not underwritings, they are blowouts. You, the retail investor, end up with the sucker stock when/if it tanks. There is always a 3 month hiatus built in on agreement with the broker that he can get out and let the stock settle back down to cover his illegal short into the market prior to his selling deadline and post too. Don't play his game and you can forget two financings. Only part of the money is made on the "underwritten" price. The rest is made preselling the stock to clients in order to drive it above the financing price. When they have sold approx 3 to 4 times the subscription without buying a single share, they then let the stock drift down and pick it up for delivery. Break this cycle on them without warning and you will have to leave town in a dog cart. EC<:-}

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next