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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?


To: JAS who wrote (6789)7/2/1998 10:55:00 AM
From: Patrick Laflamm  Respond to of 26850
 
Financing?!

Rumors are only what they are rumors...

Pahww



To: JAS who wrote (6789)7/2/1998 11:19:00 AM
From: Moneysmith  Read Replies (1) | Respond to of 26850
 
If Cannacord is doing a financing here it is often standard practice to short sell first. This accomplishes two things: it obviously weakens the stock to a more attractive issue price(?) and it means that they can support the price by covering later.



To: JAS who wrote (6789)7/2/1998 2:22:00 PM
From: The Fix  Respond to of 26850
 
Canacoors is the MM on WSP paper. A good MM is always short on his paper. The financing rumor is for a VSE company! I don't believe it to be WSP that's looking for the 50 Mil!

fIXER



To: JAS who wrote (6789)7/2/1998 9:27:00 PM
From: E. Charters  Read Replies (3) | Respond to of 26850
 
Canacrook should know better than to short a stock they intend to sell
anyway. Makes you think they are just a bunch of no good for nothing
stock brokers.



To: JAS who wrote (6789)7/2/1998 10:50:00 PM
From: Rocket Red  Respond to of 26850
 
Jas I spoke to my broker today and he said he spoke to winspear and told him 3 brokerage house's wanted to do some financing but winspear said they had 5 mil and did not need to do a financing right now but also said in one breath that they still might do one
So it be my guess CC dumps the shares short and does the financing that is why the stock is coming down again