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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Carl Yee who wrote (1105)	5/29/1998 1:03:00 PM
From: CMason	Respond to of 2506

From the June 1997 10-K: Effective June 1, 1996, EquiMed established two foreign subsidiaries, EquiMed India Private Limited, an Indian company ("EquiMed India") and EquiMed Pakistan (Private) Limited, a Pakistan company ("EquiMed Pakistan") which provide a wide variety of functions related to the back-office support of EquiMed's corporate and medical practice management operations. EquiMed India and EquiMed Pakistan each maintain a 50% interest in Poseidon Holdings LLC, a Nevis limited liability company ("Poseidon") formed to hold all of the equity of Solemar Insurance Ltd., an insurer domiciled in the Cayman Islands ("Solemar"). EquiMed India, EquiMed Pakistan and Poseidon are hereinafter collectively referred to as "EquiMed Overseas." Through contractual arrangements with EquiMed and its controlled or managed entities, EquiMed Overseas provides a variety of billing-related services and data processing support. Utilizing high-speed, direct telephone and satellite links with EquiMed and its affiliated companies, English-speaking personnel in India and Pakistan are now providing data processing in support of EquiMed's corporate and medical practice management operations. If the business really exists (somewhat dubious, IMHO), it's probably not going to be favorably impacted by the rising tensions on the Subcontinent. In particular, anything which interferes with communication links would likely impact their ability to support Equimed's customers. Just one more reason to short! Regards, CMason