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Non-Tech : Ponte Nossa Acquisition Corp (OTCBB:PNSA) -- Ignore unavailable to you. Want to Upgrade?

To: shawn_f who wrote (18)8/1/2001 4:38:35 PM
From: RockyBalboa  Respond to of 29
 
The physical stock exchange split sounds weird to me...that means that the shareowners do not have their tradeable shares on the books? No when-issued trading mentioned...



To: shawn_f who wrote (18)8/1/2001 4:48:14 PM
From: Fast Eddie  Read Replies (1) | Respond to of 29
 
Could mean major squeeze is possible for shorts.
I would say that a major squeeze was possible. Stock went from $2.48 on July 23rd to $53 (pre-split). Highest volume on any of those days was only 7,500. Current price is equal to $91 pre-split. It will be nice when we get some info on Visijet (sales, eps, etc). Right now nobody knows what this Co. is worth. I just think it's a lot less than current mkt cap.

Fast Eddie


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