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Microcap & Penny Stocks : General Stores - GSIC -- Ignore unavailable to you. Want to Upgrade?

To: Codfish who wrote (890)	8/21/1999 9:30:00 PM
From: Bo Le	Respond to of 972

I believe that message from Raging Bull is meaningless. The important thing for GSIC is not how many GSIC shares outstanding but how many shares insiders are going to sell (short or long) to you. Don't forget they can short sell as many shares as they want to you now and re-pay those shares later by their perferred shares if needed in case GSIC not go to zero in a year or two. There is no rule to prevent MM to sell more shares short than total current outstanding shares. This is the beauty of the game. I am not saying insiders are selling (short or long) now. But because they have those convertable perferred shares, they are totally protected to sell short. If GSIC go to zero, they make big money. If GSIC not go to zero, they pay back their short shares by their perferred shares, they still make big money. So be careful. Bo