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To: J.R. who wrote (1735)	1/28/1998 8:31:00 PM
From: Frank Henriquez	Respond to of 6654

J.R. wrote: "Yes, I am confident they are shorting this thing. Although I have no concrete evidence of this, shorting is an overwhelming occurrence after a Reg. S is issued." One of the drawbacks of Reg S. While there are rules & regulations against this sort of thing, the people breaking the rules first have to be caught, then punished...and that won't happen because of the time & manpower required. As Euripides said: "Feces happens"; That's why it's called Reg. S. OTOH, Jack Arnold has been upfront about this (and other issues) and it seems pretty clear that he doesn't like resorting to Reg S any more than the rest of us. The way things seem to be going, this may soon be a distant, unpleasant memory. I hope. BTW, Thanks for keeping up posted, Wayne! Frank