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Technology Stocks : Advanced Engine Technologies (AENG) -- Ignore unavailable to you. Want to Upgrade?


To: Brent who wrote (644)6/10/1998 8:03:00 PM
From: PHG  Respond to of 3383
 
To all who read this:

The people going back and forth about things that matter little to the average stock holder are so certain there correct, why bother communicating? Just wait till it plays out and the truth will be known. The smartest people I know speak the least. Is there no end? Each person wants the last word. The readers can see by all your past messages who you really are. Your egos should remain hidden! You're just spinning your wheels on both sides and throwing dirt on each other's windshield. Sorry if I interrupted anything important.

...................Phil.....................



To: Brent who wrote (644)6/11/1998 2:27:00 AM
From: Greg Cummings  Read Replies (2) | Respond to of 3383
 
Brent, Maybe the term "penalty" was a poor choice of words, but what is it called when you're forced to buy stock at a considerably higher level than where you shorted it? I call that a penalty. If you think it's possible to cover the short at the current offer or anywhere near it, you're dreaming!

Have you noticed who's sitting at the offer and whose been there for weeks? Fannystock certainly can't fill the order if they're the ones served with a buy-in notice. What happens when Fannystock moves out of the way? In a "buy-in," you're required to guarantee delivery of the certificates. Last I checked, that doesn't mean buying the stock from another market maker who's selling the stock short. I suspect (but don't know) that Fannystock will use (or has used) this trick a time or two to keep the regulators away, but eventually the price must be paid.

You certainly are correct, that if this were a security trading heavy volume and with plenty of shares in the float, it would be a simple process to buy the shares back at the offer and cause very little pain to the buyer. But that isn't the case with AENG. There's low volume and a minimal float and that's why the "buy-ins" will likely occur at a heavy premium. These guys are dreaming if they think they can buy the shares at anywhere near the offer (or as Auric says, the "bid"). I fully expect them to use smoke and mirrors with one of their friendly firms. They might arrange for a friendly firm to short enough shares to cover the "buy-in," but I'm sure the SEC won't approve of this practice. This may be what Auric is referring to in his statement about making the buy-in go away. Oops, Auric, did I expose that to the SEC so they'll be watching for it? Oh man, I'm soooo sorrrry!!! The regulators will want a guarantee of certificate delivery and that means, NO SHORTS! Where you gonna get the stock, Fannyboys?

Auric, I'm sure there is much I could learn from Mr. Travis, but, unfortunately for you, I learned this game long before I'd ever heard of Mr. Travis and his firm. Sorry, but keep trying....... I'll tell you what, Auric, I'll publicly state my real name, if you'll state yours.

Best of Luck, Greg