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Pastimes : The Big Tex House of Coin

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To: Jeff who wrote (1712)	2/28/1999 4:25:00 PM
From: Robert B.	Read Replies (1) of 19297

Guys, Check out this message I received... Robert- MMs are supposed to mark to the market daily but net capital violations normally only get tabulated at the end of the month. Basically it is a BD accounting for its short position, the total value of the short position is subtracted from the net capital, and additional funds must be deposited IMMEDIATELY to fill the variance. Basically it is a margin call for BD's. If you have level II look at how the MMs played at the close on Friday...they notched it down for about 10-15 mins right before the close looking for shares, they couldn't get it....5 of them stacked up on the ask @ 1.25 they had to cover!!! THIS IS VERY VERY VERY GOOD NEWS FOR THE SHAREHOLDERS of MRPS!!! There are MMs lined all the way up to $2 right now and word is that 10-12 major BDs have given verbal that they will retail the issue at $3 and above...meaning that if this deal is real we will see $5+ by the end of March!!!

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