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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?

To: Milk who wrote (3634)	5/7/1998 2:33:00 PM
From: AnnieK	Respond to of 4571

There seems to be some confusion as to the Reg S shares. They were sold to offshore investors who cannot legally sell the shares until 40 days after the transaction (May 19, I believe). Reg S shares occasionally show up earlier as offshore investors illegally sell them short to lock in their price, then cover after 40 days with the freed-up shares. Illegal, but it can happen. However, because of the very low short interest in BCMD in April (5237 shares) and the fact that shares under $5 can generally only be shorted by MMs, I seriously doubt that the Reg S shares have hit the market yet. Looks like they got the shaft just like the rest of us. (the latest 8-K is just the reverse split filing)