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To: TheBigSur who wrote (2959)	6/3/1998 9:15:00 PM
From: KZAP	Read Replies (3) \| Respond to of 4783

Sur, Do you own any waterbed stores? Just wondering. Why is the price still down? Would like to see how this 'short' position works out. Lesson to be learned? Happy investing! KZAP

To: TheBigSur who wrote (2959)	6/3/1998 9:45:00 PM
From: John S. Baker	Read Replies (3) \| Respond to of 4783

I concur with your analysis, but the thought occurs to take it one step further.... If someone who has shorted a stock ... whether legally or illegally ... is obligated to give it back upon name change in order to exchange it for one of the FINITE NUMBER of new shares.... And if there are more shares shorted than the total number of new shares in existence.... ...Then this situation is akin to selling bogus or counterfeit shares. But there's a second half to that shorting transaction -- the legitimate investor who bought the shares through his legitimate brokerage. The person who bought them has no way to know that they are bogus, and thinks that as the stock runs up later this month that he is going to be rich! Imagine how he feels when he goes down to his favorite brokerage and they tell him that they are sorry but his shares are counterfeit! Because no matter how high the price goes, nobody can create additional NEW SHARES.... Could be real embarrassing to the brokerage who sold the counterfeit shares to the unsuspecting customer. And I reckon that it could ripple backwards in a real ugly fashion. There must be some kind of paper trail to indicate specifically who it was that sold the counterfeit shares to the legitimate brokerage house. Is my thinking right here? Opinions please. Could get real ugly. And, as usual, the lawyers will get rich.