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To: acyberguy who wrote (526)7/1/1998 9:57:00 AM
From: TraderGreg  Respond to of 2493
 
You're right, it should be illegal. Could you imagine arbitrarily saying to your credit card company: "I owe you $4,900 and my credit limit is $5,000. I am declaring a 1 for 70 reduction in my debt to you. I now owe you $70. And I know have $4,930 available credit."

That is an extreme case, but over time the printing of shares into the float accomplishes the same level of dilution.

TG


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