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Non-Tech : GRIN (Grand Toys International Inc)
GRIN 28.90-1.1%Feb 4 3:59 PM EST
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To: Ron who wrote (50)11/24/1998 3:36:00 AM
From: Frank McVerry  Read Replies (1) of 495
 
GRIN and the small float
Ron,
Here's a question. I'm curious about the effect
of the 300k float as investors begin to hold GRIN
for weeks/months/years. Cutting a long story short,
let's say the 300k are sold into 'steady hands' then
all those are shorted and sold again into other
'steady hands'...no more liquidity. While this would
be frustrating for new buyers of the stock, it looks
like a total nightmare for short covering with no
stock available. Could NASD force the company to
make some of the company-held stock available to
make a market or... what ?

Frank
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