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To: paulbk who wrote (5400)6/3/1998 3:14:00 PM
From: TraderGreg  Respond to of 6654
 
haven't even touched on the shorting that normally goes along with these REG-S deals. I don't know how they do it but it is part and parcel of these types of offerings by all the accounts I have read.

First, they short the stock down and then they use the conversion option of the Reg S to cover and get profit from the cover and still have gobs of shares.
Nasty ain't it.

TG