Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: TE who wrote (5405)	1/21/1999 6:56:00 PM
From: Pluvia	Read Replies (3) of 122087

<<The float has got to be more than 100,000, the Co. just filed two S-8 for 1,691,000 which are immediately tradable.>> I don't think you understand how this game works. USAT did a 1000-1 reverse split a bit ago - essentially eliminating all old shareholders in the shell company. They then issued themselves new shares for bring assets into the company, or for services as consultants employees etc. The "players" essentially then own all of the public float in the company. All large blocks are controlled by the players. Thus the price of the stock is easily manipulated. The "players" then sell their stock <at these high prices> to new investors that buy based on various BS press releases the players put out. Just because they filed to register this new stock means nadda to the float. The "players" control these shares as well as all other major blocks of stock in the company. The public float thus looks big but really is not. Hope that helps All comments IMO Cheers Steve

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