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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology -- Ignore unavailable to you. Want to Upgrade?


To: PartyTime who wrote (14309)8/22/2000 12:40:41 PM
From: ekn  Respond to of 18366
 
MM manipulation? Who cares? This is what i say to MM manipulation! Cisco once a 650 billion dollar company, Msft etal et al..... Bottom line results equate all! A company makes money and can be justly valued. UNTIL YOU actually make money you are a wavering POS anyway. So what an investor gets for putting his/her money into any company without revenues/earnings is irritable-bowel syndrome and the MM are just added gas.



To: PartyTime who wrote (14309)8/22/2000 12:41:02 PM
From: Jon Tara  Read Replies (1) | Respond to of 18366
 
Finally, some intelligence on this subject. Thank you, PT:

"John Magill disagrees with the idea “that shareholders can combat the MM short position by calling in their certs and requesting shareholders to notify their brokers not to loan out shares.

“While that appears to be a noble attempt to stop the naked shorting of OTCBB stocks, it's immaterial. Here's why.

“First, when the MMs naked short an OTCBB stock, they don't borrow any shares from anyone. They simply sell shares they DON'T have. No borrowing involved. They just PFA (pluck from air) the stock and sell it. "

The suggested alternative, though, isn't a practical one for EDIG:

"“Our position,” he wrote. “is to raise enough cash in our company to buy back stock to such a degree as to force the MMs back into the marketplace."