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Technology Stocks : Zi-Corp (ZICA), formerly MCUAF

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To: Diogeron who wrote (764)3/28/1999 8:32:00 AM
From: CocoBob  Read Replies (1) of 2082
 
Got the news last night. A large individual shareholder had to meet a margin call, hence he dumped a load of share on the market open. This put alot of downward pressure on the stock. Had the company had known ahead of time of his situation, they would have helped him find a place to put the shares rather than dump them on the open market. At any rate, the company has since identified the investor and introduced
him to a buyer. He also informed the company that he had done selling all he needed to sell.

Other sources tell me, there will be 2 press releases on Monday regarding Zi. The company views each to be positive. The first will come out when the market opens and the 2nd should be out by midday on Monday.
If this is the case load up at temporary bargain prices.
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