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Biotech / Medical : Ergobilt (ERGB) - Ergonomic Chairs -- Ignore unavailable to you. Want to Upgrade?

To: Scott D. Hakala who wrote (777)	3/24/1998 3:28:00 PM
From: Cosmo Daisey	Respond to of 900

Scott, """It had to do with a forced cover on a long position. """ Ummm, I think this is what I was pointing out to Seuss might happen a while ago. These trades have nothing to do with the fundimentals of the company, merely the trading rules of the exchange but the net effect is a lower price. Once these weak holders are cleared out the price "may" recover a bit. cdaisey@told/you/so.com

To: Scott D. Hakala who wrote (777)	3/24/1998 4:13:00 PM
From: tonto	Read Replies (1) \| Respond to of 900

Positive twist to a negative story? Chairman Gerald McMillan was forced to cover his margin account by selling 310,000 shares after the price fell below $4.00. He now has approximately 2.2 million shares remaining. McMillan was pleased and announced, "The purchase showed that the investment community has confidence in the stock and may have pushed some short sellers to cover their positions, accelerating the shares' rise, McMillan said. It wasn't immediately clear who bought the stock. Stock moved up for the day. Is this positive news? Is this really newsworthy? Is this instead, part of a sad story of a stock that has dramatically lost value?

To: Scott D. Hakala who wrote (777)	3/24/1998 6:43:00 PM
From: Anaxagoras	Read Replies (2) \| Respond to of 900

Yeah, Scott, I saw that. Here's a link that should bring it up for others: dljdirect.com <<ErgoBilt, Inc. (Nasdaq: ERGB) today announced a brokerage firm sold this morning 310,000 ERGB shares to close out ErgoBilt Chairman Gerald McMillan's margin position at the brokerage firm.>> But I don't get this explanation, eggzactely. Here's why. If it was a forced sell due to a margin call,then why did it trade like it did? Specifically, remember that it opened at 13 1/4. If this was simply a sell why did it take all orders out to a price of $4 3/4? I'm not being cute here, I really don't understand how these things work- it seems to me that such a flood on the market should have depressed the price, not inflated it on the transaction. Look, I understand that pulling the shares out of a sizable margin account would have forced those shorts who borrowed the shares to cover (provided they couldn't get replacements elsewhere, so to speak), but the covering looks to have happened after the "sale" if at all- again, if you look at a chart it looks like the 310K trade itself was responsible for pumping the price. Anyone help me out here? If I'm not being clear, let me know folks ad I'll try and say things again. Anaxagoras

To: Scott D. Hakala who wrote (777)	5/12/1998 2:29:00 PM
From: Dr. Seuss	Respond to of 900

Scott, You got an account in October. 98% of the messages you posted from October to April 2nd were hyping ERGB. As of April 2nd, you haven't posted a thing. If you are not a complete lier and cheat, I would think you would have commented on the recent news releases concerning ERGB. Fact is, you attacked us, used your own, unique form of logic to bend the truth and mislead, and now you are gone. You, sir, make me sick. You are a shill and you screwed a lot of people. dr.seuss@your.name.is.soiled