Actually Eric, I sent this to that lawfirm. I'll be sure to post any
response I get. And I'm sure I'll get a response.
BTW. I'm not interested in archived options. Just the ol' run of the
mill trading of the common stock. You know, the stuff you're supposed
to "buy low" and sell "high"?
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To: Milberg Weiss Bershad Hynes & Lerach LLP
Basically, I would just like a question answered.
You probably are not familar with the current
track record of this company, but on a threaded
discussion, investor site (Silicon Investor),
questions have arisen regarding this particular
situation. I was wondering from a legal standpoint
you may be able to help me understand better the
process. Thanks for your time.
Question from excerpted thread follows:
===================================================
To: xxxxxxxxxxxxxxx (xxxx )
From: Joe Antol
Jan 8 1997 xxxxxxxx EST
Reply #xxxx of xxx
XXXXXXXX. XXXXX. In your opinion as a broker, can a
"paper trail" can be obtained as a matter of public record on any
stock activity for the last say, 6 months or so, indicating the
major buyers/sellers of said security? And if so, if those buyers and
sellers happen to be the same entity, or two of the same entity, and
the trail shows clearly the pattern of intentionally "balancing" a
security in a tight trading range, could this be considered by the
SEC somewhat suspicious? And if so, could this type of activity be
considered "legal" in your opinion? Or could it be interpreted as
a basis for a "look see" by the SEC, because the security was being
prohibited from trading "freely" in an "open market"?
Thanks. ...Joe <if anyone else has an opinion, feel free to post>
======================================================
Thanks for your help.
J. Antol
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Joe...<just "curious" Eric, you know that, right?> |
