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

To: skreiger who wrote (3646)	6/5/1998 9:36:00 AM
From: Steven Angelil	Read Replies (1) \| Respond to of 10343

Regarding the stock buyback, on the NYSE, and maybe NASDAQ as well, the companies cannot buy back their stock during the first and last half hour of trading. I doubt that applies here, in the jungle they call the BB. Anyone know? Steve

To: skreiger who wrote (3646)	6/5/1998 9:36:00 AM
From: Craig K	Respond to of 10343

They dropped the bid on a buy...%&^%$(^T Craig

To: skreiger who wrote (3646)	6/5/1998 9:39:00 AM
From: risk-averse	Respond to of 10343

Good question, I defer to Macker to explain this as he has looked into this.

To: skreiger who wrote (3646)	6/5/1998 10:03:00 AM
From: cascara	Respond to of 10343

I don't know this from any DD, but it would seem logical that they would hold the shares. Part of the appeal of moving to a listed exchange is attracting larger investors, i.e. institutions, and the float on INFE is already much too small for those folks. Hopefully, the board will choose to split the stock to accomplish this rather than print new shares. As far as calling in certs, since part of the buyback is to avenge self-serving short sales, I would say the answer has to be YES.