Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU) -- Ignore unavailable to you. Want to Upgrade?

To: D PARKER who wrote (2394)	3/1/1998 12:53:00 PM
From: BlackStar	Read Replies (4) \| Respond to of 18444

BlackStar, The cusip # is assigned by the SEC, but why would a change in the number force shorts to cover? Please explain... I thank you for your support, insight and information. The folks over at the EUTO threads has bandied this about to the extreme. And one can understand why too. But as I understand it a cusip # change implies a share count audit (who has what and where) and that means that the illegal naked shorts has to cover. Any MM shorting against a block he actually has will be ok. Maybe it will amount to nothing but we may see a slight heave effect during the change. Ie we may see a slightly higher price or signs of share shortage just before and a subsequent fade just after. This is how it was explained to me. I don't have any first hand experience (obviously) of this. I welcome any corrections.