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To: Peter Fiala who wrote (20)1/8/1998 10:14:00 AM
From: Joe Barker  Respond to of 51
 
Just a comment on a possible reason why the price has not moved up (or down) in the last week or two. I see a lot of trades taking place at 11/64. I for one, can not place a trade using my broker (over the Internet) with a limit of anything below a 32nd. Maybe if you call the broker, this can be done (I have never tried), but my limit orders will not go through using 64ths. Sometimes, I have gotten a trade at this level before, but that was on a market order. We know that based on the last S-3, there is going to be another 7.5 million shares or so being sold on the open market for the Reg S soon. If the market makers have an order to sell 7.5 mil shares at a limit of 11/64, they would not change the bid/ask until all shares were sold. What better time to try and dump that many shares on the market, then right during this time period, with all of the news releases coming out of CM. They always pile on the news release, during this time period before a show. CM knows that the last Reg S., MUST sell all of their shares at a profit, for them to belly up to the table again. Does it not seem possible that there is a master plan for all of this. I does make some sense when you think about it. Just a thought.