To: Angel D who wrote (44976 ) 4/5/1998 1:46:00 PM From: Pugs Read Replies (1) | Respond to of 55532
Here, there is a suggestion a squeeze is warranted; >>>>>>> | Previous | Next | Respond | To: Jaime J. Pulaski (3760 ) From: michael d kugler Friday, Apr 11 1997 7:03PM ET Reply # of 7544 Jaime, I have mostly lurked on this thread. I posted a response to the gentleman looking to borrow shares. He never E-Mailed me. I also invited him to explain his reason for wanting to borrow shares. He didn't. I think all of you are correct in trying to take your shares off the table. IMHO, the only reason someone would resort to coming on this thread to solicit shares is that the shares he has put up to cover a short are not going to be valid. Therefore he needs some other shares. Yet he seems confident about his nine month time frame. Most brokerages, especially Merrill Lynch, are unlikely to let an individual have a naked short position in a penny stock. They may give him some aditional time to round up the shares, but eventually may force him to cover if no shares can be found. They won't give him nine months, however. I believe he would have a matter of a few weeks grace at most. The possibility of a major short squeeze here appears real. But with the uncertainty of undisclosed assets etc, it could be a tough call. I'm content to wait a bit until the dust settles. But this is worth watching closely IHMO<<<<<< And!!! Tonto has 70K shares!!! >>>>>>> | Previous | Next | Respond | To: NORMAN DEMERS (1189 ) From: tonto Thursday, Dec 19 1996 1:23PM ET Reply # of 7544 I believe you are right. I have been buying this week, and may get more aggressive. I now have over 70,000 shares<<<<<< This is odd.....Kugler suggesting a squeeze, and Tonto having a 70K position in a co. that is run by a criminal. Tonto has led us to believe his DD is impeccible....so, it does seem odd that these two are so 'bullish', if you consider their history on other threads. >>>>>> | Previous | Next | Respond | To: GJC (4370 ) From: John Liu Friday, Apr 18 1997 1:06PM ET Reply # of 7544 This is a E-Mail recieved from Whitle Stop, It pretty much says what has been going on the last several days. === Genesis is likely to be in 'play' Friday and into next week as the Shorts mounted an attack Friday only to be met with unexpected (to them)buying from professional short-busting groups (expected to continue Friday),rebounding the price at close back nearer the previous day's close after being hammered at one point down to 1.4375. The Company also issued the following advisory, and Business Wire republished the list of shares which the Company has stated are invalid, and which are part of the 'shorting' efforts. In a last-ditch effort to derail the CRIC sale the shorts apparantly miscalculated that a misdeed in Mohamed Zayed's youth (when he got swept into a seemingly-glamorous entertainment industry group that left him exposed to the group's grey-area dealings and wound up paying his dues to society via a period of incarceration) was not disclosed to the CRIC buyers or others, when it had been. This phase of his life, which preceded his acquisition of the public company, was known to all his business associates and the professionals working with the company, and was, contrary to Shorty's expectations, routinely disclosed to the parties to the transactions and the auditors who have apparantly considered the matter as unrelated. $$$$$$$$$$$$ SHAREHOLDER ADVISORY FOR IMMEDIATE RELEASE- THURSDAY APRIL 17, 1997 Chattanooga, TN GIFS SAYS CRIC SALE CLOSING ON TRACK: $117 MILLION SALE CLOSING SET FOR MONDAY, APRIL 28 (GIFS-OTC-BB) announced today that the extensive due diligence process in place for the sale of the CRIC unit is proceeding on track with the time line as scheduled for closing on April 28, 1997. GIFS has previously announced the sale of its CRIC unit in a $117 million transaction with Suisse Private Banking Group, Ltd., and InterFinance Private Banking Group Ltd.<<<<<<< Now this; >>>>>>(from DVBC 10KSB) In the second half of 1997, the Company purchased 7,345 shares of Societe Financiere Privee ("SFP"), a Swiss bank for US$4,148,293. SFP offers complete banking and portfolio management services and is publicly traded on the Swiss Stock Exchange. The Company's ownership of SFP is equal to about 3% of SFP's outstanding shares. The Company is currently in discussion with SFP to co-develop and offer certain services in the United States. <<<<<< 'Societe'' in french means 'company' or 'limited partnership'..... 'Suisse Private Banking group' would be a translation of 'Societe Fianciere Privee''......I'm waiting for some calls back, they may well be the same co., they may not.......but SFP falls under Morks coprporate umbrella. We know that Mork had Zapara short AZNT, according to what Mork told Charlie, Now we see Tonto buying 70K, when he NEVER posts about buying....and Kugler suggesting a squeeze.....The 'suggestion' here , is that if the Market was flooded with invalid shares, covering would have to commence on a call for shares in name. Calling for a squeeze would force the shorts to cover, now pressure buying and demanding certs would apply more pressure. After the covering, shorting a scam is highly profitable too! You get them coming & going. This is a highly speculative observation which I am still researching and the Suisse companies may very well be unrelated, but we do know the presence of the same players is very relevant. MORE TO FOLLOW! Pugs