SI
SI
discoversearch

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.
Technology Stocks : IMRS A Y2K FIRM SUCCESSFULLY REPOSITIONING ITSELF -- Ignore unavailable to you. Want to Upgrade?


To: Byron Angel who wrote (163)10/22/1999 8:28:00 PM
From: eDollar.com  Read Replies (1) | Respond to of 188
 
The creditors were forcing a sell off because satish had taken a loan to buy millions of dollar of horses from kentucky. He look huge to buy horses (one of which was 4.5 million) with stocks as colateral when share were high. When the stock fell, banks asked him to repay loan and since he could not they were forced to sell millions of stock.
Satish planned to sell these horses back, but it was too late. the creditors did not want to take risks and sold.

This stock could go lower. be careful