To: stockid who wrote (2327 ) 12/4/1997 8:49:00 PM From: Theo Read Replies (2) | Respond to
SK,squeeze IMHO is sitting on the back burner until the float is taken care of. Which is what we all wanted to begin with. If, during this time frame, the MM's are going to push the price down, then why not take advantage of it? NOT know the current float as we don't know the number of shares the ghost companies fed back into the float. Someone else (Ellen?) speculated to the effect of how do we know if ALL the companies were guilty. I guess we don't, but, I think that those companies were given advanced warning prior to December 1st. If I understood Alan's original post, it was because of the inaction of those companies to the first request that prompted the legal eagles getting involved. That would lead me to believe that ALL the companies were involved. Moot point to be sure. Bottom line is that there very well could be an additional 50 million in the float. Heck, we don't even know for sure if any of the ghost companies have even begun buying any of the shares back. And as far as this causing week hands to fold and undermine our position, I suspect they would probably have sold early in the run up anyway giving us no price support. The more shares that can be bought up cheap by those of us willing to wait it out, makes the eventual "squeeze" that more reliable IMHO. I've waited a few months now, 27 more days is nothing.<g>
