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Microcap & Penny Stocks : PKGP (Packaging Plus) -- Ignore unavailable to you. Want to Upgrade?

To: Shashidev who wrote (2631)	5/28/1998 8:43:00 PM
From: Chris O'Keefe	Read Replies (1) \| Respond to of 4783

My own opinion on the shorting-- A lot of folks talk about June 30 being the big "the shorts have to cover" day. I think that next week, when the PKGP financials are released, there is the possibility of quite a bit of covering. Why? Because from what I've read on these threads, the MMs are waiting for PKGP to go broke. If the 10Q tells a story that basically says, "We ain't going broke! Look at these numbers--see for yourself," that's when MMs might wake up. You'd think that some of these other PRs (the name change and the tie with ICC) would have 'woken them up' already but apparently not... JMO, Chris

To: Shashidev who wrote (2631)	5/28/1998 11:59:00 PM
From: TraderGreg	Read Replies (2) \| Respond to of 4783

what will happen to the MM's and shorter when the transfer agent will get all the 35 millions shares back and realize that they are millions of shorted shares floating around? Shashidev-Ever played musical chairs before? In that game, one chair is removed as each round of music plays, so like 100 people scurry for 99 chairs when the music stops and one loses out. Now imagine 90 people playing musical chairs(90million shares) and 55 chairs removed (55 million shorts)leaving only 35 true chairs(35 mm shares), but in this game, the 55 without chairs(shorters) have to pony up the price of a chair(cover when the certs are automatically called) or get thrown off a cliff(go broke?). In the above example, I assumed that 1 1/2 times the float was shorted.. but even if 1/2 or 1 times the float is short, it could prove interesting...if all the longs hold tight. TG