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To: lightfoot who wrote (1870)6/17/1998 9:41:00 PM
From: lazarre  Read Replies (1) | Respond to of 11684
 
*****************OT************************

Lightfoot,

<<<MM's must show $2.50 cash capital in their accounts at the end of the month for every
share they are short. And as I understand it they must leave this money in their account
for the next month. MM's bet on the legendary impatience of Internet investors, and
figure that since it's only June 17, they can shake enough shares loose to cover before
the end of the month.>>>>

Pretty interesting stuff; I was aware of the end of the month reconciliation but did not realize there was a particular $ amount attached to each share. Is that figure in stone or is it dependent upon the value of the share at the end of the month?

Regarding your question: it's both.

Lazarre