To: interesting man who wrote (184 ) 6/14/1999 6:29:00 PM From: Gator Read Replies (1) | Respond to of 196
Ouch! That hurt Mo! I actually do consulting on the side for a lot of companies. Note that the deal is for rule 144 restricted stock, meaning there is a one year waiting period following exercise of stock option before the stock can be registered to sell. Also note that the stock wasn't much above $0.50 when I started doing some consulting work for IGHS. I don't think there's a correlation between my compensation and the stock price today (nor can I take all the credit for the run from $0.50 to $3.50 either). Stock has been showing some weakness the last few days, my guess is that it is from apprehension of shareholders who aren't sure what to expect next, and from those in under a buck that want to lock in profits. Hopefully tomorrow in the conference call we will get a sense of what to expect next. Today's dip may present another buying opportunity if positive things (financials, additional contracts, larger market applications) are announced. Not sure what to think of the lack of short squeeze. Could be that the short position was already covered in the last few weeks (there have been some pretty large volume days). It could also be that the short position wasn't as large as what people were speculating, and it could be that the shorts flat out didn't cover, just to see what would happen. I don't really know the answer to that. You can tell by the way the H-Quotient merger was structured that it was designed to squeeze out short positions (either intentially or as a major by-product), so the company obviously felt there was a short position out there to be taken out. Hopefully we'll learn more tomorrow. Gator Disclaimer: I am anticipating receipt of options to purchase 30,000 restricted, rule 144 shares of IGHS at a strike price of $0.50 in exchange for providing various consulting services to the company.