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Technology Stocks : CYOE / Diana Corp. Why has the SEC not halted this pig?
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To: Dream$ who wrote (52)3/2/1999 7:13:00 PM
From: Q.  Read Replies (1) of 242
 
I think if you are expecting this stock to stop trading in the near future, that you are likely to be disappointed.

Just because a lot of shortsellers are interested in the stock and one of them titled a thread with that idea doesn't mean it's going to happen.

I'm short the stock because I am familiar with the management from when the co. was called Diana, and I am familiar with the games they play, and because the neer-do-well customers they are relying on, and the funny financing schemes that they are using, are typical of what they did back then, and I believe that the market cap of $60M is probably 10X too high.

I know what it takes for exchanges to delist a stock (stock price below $1, net tangible assets less than a few million, etc.) and this stock doesn't meet those requirements. Exchanges will stop trading if there is really compelling evidence of fraud but it has to hit them like a ton of bricks to make that happen, and CYOE appears to me to fall short of that.
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