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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG) -- Ignore unavailable to you. Want to Upgrade?

To: zonkie who wrote (34978)	9/22/1999 11:54:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 44908

Zonkie, to the extent the bandits convert, it is most often used to cover part of their short position. When they do not convert (when you see no increase in the number of outstanding shares) they may be playing the range (like the current $.45 to $.51). I think that overall, they wait for a real pump (like the last run to $.07) that generate good volume (like 10 MM shares or more) into which it is easier to short. When the volume is in the 1 to 2 MM shares, they can't really do much. You should also consider the strong possibility, that the delay in the finalizing of the new "friendly" PP maybe purposeful, to allow the new guys to establish a preset short position and then get a conversion price "above market" but well under their established short position. Otherwise, how would one explain that more than two weeks after the positive announcement of the new financing, the stock is still languishing at exactly the same price that it did prior to that announcement. I believe that the new financing is nothing but what we term a "leaky floorless". It does not have all the hall mark of the "floorless death spiral" but a lot of it. The outcome is often tied to the ability of the company to wean itself from this financing (namely generate some positive cash flow, but that is a "No-No" term around these parts.) Zeev