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Gold/Mining/Energy : Trico Marine Services (TMAR) -- Ignore unavailable to you. Want to Upgrade?


To: D.J.Smyth who wrote (450)6/19/1998 6:56:00 PM
From: D.J.Smyth  Respond to of 1153
 
from the 10q <<"). The term loans were repaid with the net proceeds of the Company's issuance of 4,600,000 shares of Common Stock (approximately $123.7 million),>> very likely a covering of this additional issuance of stock at approximately $26.89 per share was done by purchaseing shorted shares and puts. in order to drive the price down, those in receipt of these shares have been using shorting techniques. they should soon rid themselves of the last of these shorts. it can't go on forever with $2.50 in earnings.