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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis -- Ignore unavailable to you. Want to Upgrade?

To: drakes353 who wrote (976)	4/2/1998 9:42:00 PM
From: Q.	Read Replies (3) \| Respond to of 2506

If EA's convertible holders are starting to sell, they are probably doing it without benefit of a valid registration. Not to say it this doesn't happen quite often via their shortselling, but I think it is pretty unlikely they are making conversions and legitimate sales. I say that because the last S-3/a was only a little over a week ago, and it had significant changes from the filing a few days before that, in number of shares for sale, identities of selling shareholders, etc. My impression so far in watching the amendments to their most recent S-3 is that EA's corporate lawyers are the dumbest of their kind around, not being able to add up a list of numbers to get the correct total of number of shares for sale, etc., so that it will take a few more rounds of S-3/a's before the SEC deems the registration effective.