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Non-Tech : LL Knickerbocker(KNIC)/Pure Energy Corp
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To: Caligula who wrote (70)1/10/1997 7:08:00 PM
From: Juan Dominguez   of 1028
 
Cali,
They will probably continue to hold down KNIC until Feb 9, then let go. However, If great Pure Energy news comes out before, then they will have no choice but to let go. Also, they may run out of supply the short, thereby forced to let the stock go before. You see, their shorting capacity is limited to the amount of stock they get at the LOW end conversion price of 5.25 divided by their $$partiticipation amount. INMO, i think the stock won't stay her til Feb 9.

Steve,
KNIC's auditors are due in the their headquarters Monday, Jan 20, and since the audit is complicated by the fact that there was an acquisition in the quarter, it should take minimum 4 weeks. So, 4Q results probably won't be out til late Feb.
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