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Technology Stocks : Wi-LAN Inc. (T.WIN) -- Ignore unavailable to you. Want to Upgrade?

To: Don MacKenzie who wrote (683)	10/7/1999 11:48:00 PM
From: Shack	Read Replies (1) \| Respond to of 16863

Funny you bring up Sprott because that's exactly why I was asking about the public float. Since June, Sprott have been net buyers of over 2.5 Million shares!! If the float is only currently 4.5 million then it looks like they are trying to corner the market (actually i suspect they are buying for a fund). Indeed the price rises and falls dramatically on moderate volume due to the smaller float. This is good and bad in that the lack of liquidity, while inevitably contributing to large rises like today may also scare off investors. I'm watching them for signs of dumping...then I would be concerned...but like I said, they are probably buying for a fund. If they underwrote the last financing then it is very encouraging to see that they are still buying.