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Gold/Mining/Energy : Paramount Ventures & Finance -- Ignore unavailable to you. Want to Upgrade?

To: 1st.mate who wrote (3501)	12/5/1999 11:25:00 PM
From: Ed Pakstas	Respond to of 4884

1st, mate and DD... We once had a discussion here about how shorts where created in a company and then not covered in the open market... I think u guy'z should read this article... Message 12192794 These 3 paragraphs may be of special interest to some... His firm bought 800,000 shares at 25 cents, with warrants to buy another 800,000 at 35 cents each. He was also personally granted options to purchase 340,000 shares at 19 cents each. Almost immediately, Smith began selling the shares, often in advance of converting the warrants or exercising the options. In one instance, his firm was short by 513,000 shares before exercising enough warrants to cover the shortfall. By the end of August, he and his firm had sold all 1.6 million shares and warrants, and had exercised all but 40,000 of his options and sold the underlying shares at prices up to 67 cents. ...ed