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To: Bert Zed who wrote (5758)4/22/1998 7:47:00 AM
From: Robert K. Sims  Read Replies (1) | Respond to of 10786
 
Del, you stated

But what puzzles me is that Robert S., you John and a few others place great store in the fact that BG can "control" the share price in the short/medium/long term. How do you think he can?

I just answered that in the previous post

Message 4154108

What I meant about Gruder having control over the price of the stock was the fact that he controls the timing of some of the releases, the timing of the accountants, ect.. At least he can pressure the accountants to act more expediently if he so desired, and probably does.

-Robert



To: Bert Zed who wrote (5758)4/22/1998 9:14:00 PM
From: Captain Jack  Respond to of 10786
 
Del--- There are ways not to "control" the share price but to keep it from going into the toilet. Generic contracts no longer influence the price. The DOW News will not even publish them. They must meet certain specs for the DOW to broadcast them and those may not raise the price but MAY slow the tumble (dive?). Timing means more to share price than location means to real estate. Anyone that wants to drop the price of a Y2K issue only has to say "dilution" and you can see what happens to the price. That is worse than doing an off shore PP! After a couple foolish actions people start to wonder what is coming next. Then rumors start that a dilution statement will not hurt the price(around$19 just days ago) and would only last a few days (how many is a few?). So it is not control but not making it look like mgmt is trying to keep the price artifically low. I do not believe they are,,, but maybe not businesswise savvy enough not to.