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To: Pugs who wrote (2934)6/3/1998 4:31:00 PM
From: Ditchdigger  Read Replies (2) | Respond to of 6528
 
How many of these shares were the result of selling by the company(registered shares), by ex-management(don't they hold around 30M) or maybe promoters who received shares in lieu of services rendered? DD Later..we'll see what happens tomorrow.
Pugs how many outstanding shares are there currently out?
Who sold a block of 1.3M?



To: Pugs who wrote (2934)6/3/1998 11:06:00 PM
From: TopCat  Read Replies (3) | Respond to of 6528
 
>>>On 'Dump & Pump' (correction, 'Pump and Dump) Monday, one Calif. MM shorted himself 2.5MM shares.<<<

All in a normal day's business given the volumes of that day.....MM's do this on a daily basis...and it is all legal and normal...it's how they make the market. Question is, when did he cover the short position.

>>>How much of that 17MM was pure ILLUSION???.<<<

Do you really think MM's have nothing better to do all day than to churn this piss-ant stock (2-3 cent value) to shake shares? Again, I think you are inventing reasons as to why this stock doesn't move.

YOU DON'T REALLY KNOW!

TC