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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration
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To: MB who wrote (10705)6/5/1999 11:56:00 AM
From: Alan Coccio  Read Replies (1) of 10903
 
That's what I was trying to say in a very subtle way. I think we can safely assume there is a huge short position out there to be covered with these shares. No way are they going to be sold in the open market. They have already been sold. These guys aren't dummies. It wouldn't make sense to turn over cash to a tiny company like TPI with the hope they could later dump better than 50% of the outstanding shares into the marketplace. I'm assuming they covered all their bases during the process leading up to the filing of the SB2. There probably is some unknown amount of shares in excess of what is needed to cover the shorts though that WILL have to be dumped. It will soon become obvious if we see blocks hitting the bid. It's an unknown quantity at this point unless they are magicians that knew precisely the price the shorting would drive the price to and took care of it in advance. (Strange sentence structure but you get the point.)
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