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


To: Hyrulean King who wrote (4042)6/6/1998 7:34:00 PM
From: Theo  Read Replies (1) | Respond to of 10343
 
Chief,

I have a question for the group - if INFE does buyback 500k shares or so, how will that combat the short position? Is it a fear tactic against the shorts? will mgt call all shares in Tom's name?

By buying back their own shares, they are effectively pulling off what we shareholders would describe as "calling for your certs". That truly does limit the number of shares that can be borrowed against as the TA will require that the clearing house that the shares comes from be produced in "form". In other words, those shares wil NOT be in street name. They will have to be the real McCoy!!(At least in theory). The MMs will still short, but, as the available "pot" {free trading shares} shrinks, so does the odds on making money on shorting- along with the increasing chance of having it blow up in their face. The less shares available, the easier it is to track legitimate shares the more volatile the stock becomes to MMs as the pool of available stock to buy back to cover dwindles...

Or it could be a bluff to draw attention to it...<BG> Either way doesn't matter to me. Even if they don't buy a single share, if the news continues, nobody, not even MMs will be able to keep the lid on it. The float WITHOUT a buyback is still one heck of an advantage IMHO. Throw in a merger/acquisition or two and the floodgates open...

Bottom line is that i see it as a first step of many steps of action to raise the share price to where it should be.

That's it in a nutshell. I agree.

Theo;-)



To: Hyrulean King who wrote (4042)6/6/1998 8:40:00 PM
From: cascara  Respond to of 10343
 
This is macker's post 2837 re: the short interest:

to all: the short position on infe is now over 3 million shares and actually closer to 4 million, this is gonna be fun. when the covering starts, since it was herzog scumbag that called in the fiasco boys, watch for some serious mind games, remember there is no honor among thieves, it will get bloody. wait till this spring unwinds.

macker