ABTX - Agribiotech Message Board

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Microcap & Penny Stocks : ABTX - Agribiotech

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To: drakes353 who wrote (7666)	3/5/1999 6:51:00 PM
From: LTK007	Read Replies (2) of 8359

drakes said<<There will be no short squeeze. Dead cat bounce? Probably. But no short squeeze>> With this much selling pressure it is possible the shorts are covering all along --just guessing,but I suspect a sizable number of shorts have been covering since 5 down--- does any one know the why for the massive selling this a.m.-I saw no news----I have yet to be tempted to buy as I am frankly concerned about bankruptcy---I will say once and say it again the CD deal they made was suicidal---and if it was Francis and JT that cut the deal they may well have shot down all hope---the company even admitted that when they said they were looking into possible ways of retrieving the CDs such as selling off assets to do this(that was a frank admission that a tremendous stupidity had taken place)---and yet the further the price falls the CD holders are just getting more and more shares ever increasing the dilution---before I am attacked for belatedly sharing my view of this I have stated I became severely bearish the moment this deal was published by Bloombergs---I feel personally that was a huge warning sign--ABTX is in deep,deep trouble because of that deal.Regrettable--and I see no one to blame but those who signed the deal.Max90

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