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To: drakes353 who wrote (28372)3/26/1998 12:43:00 PM
From: Marshall  Read Replies (1) | Respond to of 33268
 
Drakes - the "theory" about some shares possibly being "pre-sold" was assuming activity coming from outside the U.S. where regulations for accountability of activities has been rumored to be far less stringent.

Of course one could take advantage of the 3-day + 10-day extension rules right here in the U.S. by utilizing MMs and closing out the positions with converted shares.