Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation -- Ignore unavailable to you. Want to Upgrade?

To: undecided who wrote (735)	8/25/1999 10:42:00 PM
From: Ga Bard	Respond to of 2392

Finally a solid scenario ... Welcome to the thread. What if the shorters coming out of Canada are really people who are not at risk. Could it be possible that the shorters all along have been people who are "the big investors"? Oh absolutely and very possible at that. Could be the ex officers of MMDL or the consultants. That has crossed my mind and I have not ruled it out either. Also since HRZG is in florida and so is MMDL now OREX you could make a strong case on that scenario. However, the consutltants and ex officers would be fools to do this. One if they get caught knowing what is about happen they would lose their stock to cover the MM ... Also the MM would not be scrambling to get all they could at the bid either. But it is a possible way to say they did not sell a share but made a ton of money on the owning of the cert. I mean what investor in his right mind would sell out his shares at .07? From my understanding he bought in around .40 to .50 so that was 4 weeks ago when I came in. He's held on this long and then gets cold feet at .07? Take bashers with convenient scenario and a short nailing a stock and people get antsy and doubtful and then emotional ... this is what the bashers play on. Some fall for it. Would it be possible to short it in Canada knowing that you have the stock to cover and then when you are finally disgusted by the stock price you ask for some of your certs. Could the crossing of trades be from selling your stock in the US and buying it in Canada to cover the shorts When I saw the massive covering happen at .068 I knew then someone have sold. the MMs were scrambling back and forth getting that sell like wolves on fresh red meat. There are lots of scenarios but to short on a cert there is a three day rule for delivery of the cert. ALso if the broker did not have the cert in hand and this was a big customer the broker would call the TA to see if in fact there was a problem with the cert. That is why when I checked on street name I checked also on any inquiries. There were none. Now the price has crashed and cert are being put into brokerage houses. SO if nothing else the shorting, bashing and crashing did get some certs in brokerage firms. Anything is possible. :-) GB