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Microcap & Penny Stocks : TheBigHub.com (OTC:BHUB)
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To: Sir Auric Goldfinger who wrote (582)5/19/1999 10:22:00 PM
From: skyridge  Read Replies (1) of 666
 
The only dreamer is you. By the way, I guess those potential purchasers of the Private Placement have the shorts to thank for maybe making the deal a reality. With the stock at it's current price, the offering price of $4 now makes sense - as this ratio now is on line with the standard discount given in deals such as this.

For those of you who don't know about such things, it is common place in deals such as this for purchasers of private placements to receive as much as a 50% discount from the bid price on the shares they are buying, since those shares will be restricted and the capital is "at risk" in a relatively young company.

By the way, Auric, tell us what you will do to borrow certificates to cover your short. With a short position on the street now approaching well over 700,000 shares, where do you think those certs will come from. Fact is that all these shorts will get "bought in" relatively soon. This stock is not IBUY, where there was lots of paper available. The squeeze is coming.
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