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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON? -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (1472)	5/6/1998 12:50:00 AM
From: Jim B	Respond to of 6931

This is true.. HOWEVER, as the price gets higher.. the MM's normally will NOT want to risk a call from the xfer agent in a validation of shares held by a request of the company... If you were SHORT a stock and knew you could short shares that were not held in cert form.. how high would you let the stock go before you got worried and went ahead and covered your shares.. me if I was short at 60cents (I've NEVER shorted).. if it got to 70 or 75cents.. that'd be enough of a loss for me that I'd go ahead and buy to cover.. why risk the stock going to $1.00 and then next thing you know the cerst are called in .. or the xfer agent calls the MM's to get cert #'s or something and then the shorts really get screwed.. jim