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Non-Tech : Global Games Corporation is on the move (GLOW) -- Ignore unavailable to you. Want to Upgrade?

To: Chris B. who wrote (509)	4/1/1998 6:30:00 PM
From: TraderGreg	Read Replies (3) \| Respond to of 720

It appears from the release that the shares in question have not been transferred. If so, that is GOOD. Often, shares issued to parties are still held at the transfer agent, in escrow. Notification to the TA cancels such issuance. If the shares had already been disbursed to the parties, then , AND LISTEN CAREFULLY PEOPLE, THE TA CAN STILL CANCEL THOSE SHARES. This reminds me of a situation with CSMA, where I am very looong. The original investment banker breached their agreement to provide financing, then shorted their shares(against the box they thought). The company then pulled the shares from the TA, leaving a short position to cover. If the shares were in the Canadians' hands and they sold them into the float,without first depositing and clearing the certificates with their brokerage firm, then it will be a short that the brokerage firm will have to cover until they recover from the Canadians. Thread veterans? Is there something else? TG