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Microcap & Penny Stocks : INFE ... Infocall another Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: prolific who wrote (3423)6/4/1998 4:58:00 PM
From: MMpro  Respond to of 10343
 
I am not sure that a ticker change will force the shorts to cover...
but they will have to disclose what their short position is, then
imagine a scenario where we have a 2Million share short position with only 2.5Million float. PANIC will ensue and there will be a bloodbath.

Time will tell.

Peace

Riccardo



To: prolific who wrote (3423)6/4/1998 9:32:00 PM
From: Theo  Respond to of 10343
 
W Gray,
Is it true that the shorts have to cover when the ticker changes?

Depends, on what you mean by a "ticker change". If the name changes, but the CUSIP number doesn't, then no, they wouldn't have to cover. If the CUSIP number is changed (for whatever reason- name change, ticker symbol change etc.,) then yes, it would force a cover as ALL shares have to be reissued by the TA.

Theo ;-) Way it was 'splained to me...


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