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Technology Stocks : Globalnet GLBND (Formerly MFSI) -- Ignore unavailable to you. Want to Upgrade?

To: LT who wrote (111)	6/28/1999 7:32:00 AM
From: Charles Broderick	Read Replies (1) \| Respond to of 202

Can the the real problem with this share be in the following HYPOTHESIS???????? Imagine, I had bought 20000 shares at $2-3 at a certain time two weeks ago, from an overseas broker, claiming to have bought shares at a lower price to sell on,and who was selling them like crazy to his own company's clients," at the then "BID" perhaps on credit terms, and where said clients were largely "controllable". Might he not have bought the shares at all, and between then and now, when my payment would be due, (and since I dont get a share cert or confirmation until I have paid, except maybe a home produced contract note) the broker loans my shares to someone who wants to sell short(borrow them)(maybe his own firm), knowing that my money will be there, when shares need to be purchased to cover, and in some way knowing-gambling that not many shares will be bought in the market, until his short campaign is over, and "helping it with rumours of reverse splits!!" Assuming there are many more like me, you'd now have a load of customers (overseas), that have bought at 2-3$, pay that amount, and the broker then steps in to buy as required at $2 or less. The inference being that, once the broker's profit is made the original shareholders' share value will be restored (somewhat) by the renewed buying surge required to "cover", and thus everyone is happy! Thus the brokers make a killing with my money, and that of people like me;(if I have not sold in the meantime, making the brokers smile even bigger!) Does that scenario make any sense, to explain the positively unusual performance of this share price? I have no way of knowing if any of this were possible. What should I do if I could prove such a scenario to be true??? I smell something wrong here and can only say that this posting is but, mere conjecture, and a way of posing a scenario,and a hypothetical one at that, which most everyone on SI threads has discussed at one time or another, to try to explain how a share price gets suddenly and inexplicably into the hands of the "shorters" and which the same people say is positively illegal in the USA, but perfectly feasible, operated offshore, wheter illegal or not!!! I think I am beginning to understand how some people might be reluctant to trade smallcap US shares with a global connection The "clever ones" might reckon they are OUTSIDE THE PALE!!!! Beyond the law, so to speak!!! The IrishGomBeenMan!!