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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: musicguy who wrote (659)	4/28/1998 12:02:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 9440

Nothing personal... GB

To: musicguy who wrote (659)	4/28/1998 12:46:00 AM
From: RavMan	Read Replies (1) \| Respond to of 9440

All: THe following post was in connection with a particular co. but I think the problem exists with most of the penny stocks. I am doing cut and paste from the INVI thread if anyone is interested read post Message 4177109 =============================================================== "I spoke with Sr. Market Maker about MM's shorting penny stocks and his advice was to have all the stock holders request to have their stock taken off the street name and registered in their own name. Once done the SEC can see if there are more shares registered than are in the float and co. XYZ can request an investigation. This will create a squeeze on the MM's. He added that as long as there are un-registered shares in the float, market makers feel safe to short the stock. The only way to catch them is if we register our shares. I asked how they can get away with it and he said that the market makers will just keep buying and selling shorts back and forth to each other to cover their position until the investors give up and then the market makers just buy their shorts back. He added that this is very common with penny stocks but it can be overcome. He also said that the best defense is a strong offense and that we might check into getting our own market maker for XYZ. Rav PS Spread the word.