Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential ! -- Ignore unavailable to you. Want to Upgrade?

To: Brad who wrote (4033)	7/2/1998 1:04:00 PM
From: Saturday	Read Replies (1) \| Respond to of 8879

Ready for the rocket ride. T minus and counting !!!!!!!!

To: Brad who wrote (4033)	7/2/1998 2:48:00 PM
From: Wayne J.	Read Replies (1) \| Respond to of 8879

Hello! Brad, ** OFF-TOPIC?** This posting is intended as just my own opinion and is in no way intended to discredit any individual, group or Organization. Since the topic of short selling in my view appears to be discussed on various threads on what appears to me on a fairly regular basis I felt I wanted to share a few of my opinons surrounding short selling! First! It is not my intention to suggest or otherwise how investors approach their own personal investment strategies/style, having said that, to the best that I can determine buying long and selling short have appeared in my opinion to be at least two ways of investing in hopes of making a return on ones investments. JMO! I am a Canadian living in Canada and am long on all my stock investments. (It doesn't necessarily mean that I will be successful in all my investments--but I'm hoping that one day my wins will out perform my losses from years gone by!--JMO!).... It already appears to me that I have turned this posting into a very lengthy one--so rather then put everyone to sleep--I will sign -off and then make another posting and try to get to the heart of the opinion that I will be trying to express/share!-- Keep in mind I may not be familiar with all the Investment Terminology but I will try get my opinion across--as I feel it may give some of the GLOW Shareholders some additional things to consider as they approach their investment strategies for the second half of 1998. JMO! Best Regards, Wayne J.

To: Brad who wrote (4033)	7/2/1998 5:15:00 PM
From: Wayne J.	Read Replies (4) \| Respond to of 8879

Hello Again! Brad, ** OFF-TOPIC? * VERY LONG POST*** This is a continuation of my previous posting ( the second part!) Keep in mind once again just my own opinion and how in my view I understand the scenario. JMO! #1. Today I set myself as a priority to contact two large Brokerages Houses that are backed by two major Canadian Financial Institutions ( one of them was a Canadian Chartered Bank--one of the largest in Canada--at least in my own opinion.) #2. My reason for contacting them was to determine a few things. Mainly, is a Canadian living in Canada able to legally short OTC- BB. Stocks from the U.S.?---And if so? What the process was to impliment the shorting process? #3. What was my motivation in carrying out this task? Quite simply-- I am a shareholder in GLOW, and am betting/ speculating that in due course and with some patience I am expecting to see a significant positive return on my investment in GLOW! JMO! #4. Since I have a long position in my GLOW shares--in my opinion if ( and I said if?) there is a significant short position in GLOW then in my opinion it is in my best interest's as a long GLOW Shareholder toat least give this type of Investment Style/ Strategy some serious consideration----Keep in mind--I am not necessarily judging anyone that chooses shorting stocks ( one way or the other)--but in my opinion I feel it prudent to take steps that in my view can help safeguard my investment--in at least a way that I can bettor understand some of the additional aspects that in one way or another can affect my investment in GLOW! #5. In my opinion I feel it would not be in my best interest's or or in the best interest's of the other long GLOW Shareholders who feel positive about the long term growth potential if I mentioned the names of the two Brokerages that I communicated with. ( If anyone feels that such information may help them please free to PM me and I will consider sharing the names with you ( provided that I feel your motivations and intentions are in support of GLOW!---If I think that your intentions are to attempt to discredit GLOW, it's shareholders, etc, then I will use the appropriate discretion as I see/feel fit in my opinion. #6. The first Brokerage House I contacted I asked the question, " If I was so inclined would they allow me to sell short an OTC- BB Stock?" Answer? Not word for word but in my opinion here is the general idea of the response.--#1. A specific Short Trading Account has to be set up for the customer. #2. The stock needs to be a marginable security--meaning trading at $3.00 per share or higher--at the discretion of the Brokerage House. #3--The shorting activity would have to be clearly declared and indicated --meaning ( no games) if the stock is being sold short--it must be clearly declared so at the time by the person shorting--the impression that I got from both discussions was that if shorting takes place and is not declared as so at the time of placing the order--there are some very serious consequences that could devlop if the declared short selling is not adhered too. #4.--Also before the declared short sell can be executed the Brokerage Representative that I spoke to said some turn around time would be required for the Brokerage House to determine if they have any Long Shares in inventory or if they could borrow the securites else where---The impression I got was if they didn't feel confident/ comfortable that there was sufficient inventory of these shares that they could borrow then they would not allow the declared short sell to go through ( at least at their Brokerage!) #5.-- It was also indicated that there would have to be sufficient funds in the clients short account to cover any variences in the stock price levels---So! If the shorted Stock price started moving up the client with the shorted securities would have to provide additional funds to cover the variences! ( At least that's how I understood it to be-in my opinion!) WOW! This is getting lengthy again! The second Brokerage House I spoke to gave basically the same type of feedback ( at least in my opinion!)-- ??????????? Although these are only my stated opinions I am guessing that those GLOW Shareholders that are long on shares will find the next bit of my opinion to potentially be of interest. It actually brought a smile to my face-so here it goes and please keep in mind this is just how I understood the scenario to be--I'm certainly no expert in the Investment Field--and I can well imagine that there are many individuals who will have differing and varying degree's of opinions as it relates to my own personal opinions! I know for a fact that at the time I made the phone calls to the two Brokerages that they each had clients that are long on GLOW Shares. Having said that the first Broker Representative I spoke with was trying to be very persuasive ( in my opinion) in trying to discourage me in even considering shorting an OTC-BB Stock. JMO! The second Brokerage represent brought something very interesting to light --at least in my view/ opinion as a Long GLOW Shareholder-- ---And what was that you may ask?????? Just to use an example and to acquire further information and understanding how this shorting scenario of OTC-BB Stocks works in Canada--I presented this scnario---I asked the Brokerage Represntative to assume that I could meet all the criteria to legally short and OTC-BB Stock--namely open a proper Shorting Account----declare a short sell,----have the full funds in the short account to cover any/all price variences---this Broker Representative told me as long as I could cover the funds on an ongoing basis it did not have to be trading over $3.00 per share? So! In a fictional way/ example--I now met the Brokerage's criteria that if I so chose I could by my understanding legally sell short an OTC-BB Stock as a Canadian living in Canada! Then as an example I took it another step! I asked the representative to use a specific stock to use an example ( They first have to determine if they have sufficient inventory of the shares-long- in house or can borrow from another source?)JMO! As part of the example and role play model I said let's pretend that I wanted to sell and declare short 50,000 shares of GLOW! The representive took some time to follow-up---HHHHMMMmmmm!!!! Any guesses as to the response that I got? Even if I had been willing to meet all the criteria to short GLOW--I was told that I would not be able to execute a short sell trade on GLOW with either of the two Brokerage Representatives.... JMO! I tried to get more information and feedback as to why the NO on being able to short GLOW?? In both cases the impression I got was that neither Brokerage House felt comfortable that they had a realistic opportunity of being able to secure/ borrow/ what have you sufficient shares of GLOW to support my shorting fictional scenario. As I have already indicated several times this is only my own opinion and I imagine if 50 people had phoned and had a dialogue about the shorting scenario there could most likely be 50 varying opinions! What does all this mean to Wayne J. and my hard earned dollars invested in my long shareholding position in GLOW! I wish there was a simple answer and solution--but I will be the first to admit that this does seem/ appear to be a moving target! NEXT STEPS? Well I have more questions that need answering and I am puzzled! Why am I puzzled? Well in my opinion let's just say that I had a dialogue with two Major Canadian Brokerage Firms today that I know as fact have clients that are family members of mine that are long on GLOW shares!--Yet! When I ask can GLOW shares be legally shorted --they try to give me the impression that they have no access to any shares of GLOW nor do they feel comfortable that they can borrow any significant quantities! Which takes me to my next question/concern. Which is? I and other family members that I know as a fact have spent / invested our hard earned money! The impression that I'm getting from the Brokers that they were purchased from is? Who has got our shares? If I can't short GLOW--That's Great ( JMO!) But! Who has got my/our shares? Am I planning on trying to get a bettor understanding of this scenario? You Betcha! Am I starting to get suspicious? In my opinion ? Yes! Do I think that someone, or some group is trying to undermine GLOW , it's management and it's shareholders? I have my opinion--but for now I'll just keep digging for more information. You know that feeling that when you buy a house and pay for it with your hard earned money but a complete stranger is living in it but you are the one making the payments, paying the monthly expenses, etc.. Yep! That's what this is starting to feel like to me! What am I going to do next? To protect my investment in GLOW? I plan on meeting the most Senior Executive I can with the Two Brokerages Firms that I had dialogue with today! Even though Toronto is the Head office for both companies and where the Senior management resides --I plan on making the 3,500 mile flight to meet with them -in fact I just got confirmation of my airline reservations. I can not say whether it will be a worthwhile trip but I can say it will not be from a lack of effort! I can appreciate that we live in a competetive environment but I like to reside in a fair environment--I have grown to respect and admire the solid efforts and sharing by several individuals on this and other threads--and to those you have my upmost respect and admiration. Solid people such as Brad, Cheryl, Milk, Dexx, BC Fan , and the list goes on--make being a participant on these threads a very enjoyable and worthwhile experience. I can never really say why people do what they do. nor what their motives are--but I do know this--and let's qualify by saying it's just my opinion----I respect people that are long on their investments they step up to the plate and declare there position.----I also respect those that elect to use legal shorting as an investment style/ strategy-because they are upfront and legal declare their short position and work within the rules -----the third element--the illegal or naked shorting--those hiding behind the hard work of the honest citizens/investors--Yep! Just my opinion--- Was this posting long winded? Of course! Have I got a hunch that there could be those out there that have less then the upmost good intentions for the GLOW Shareholders? For now that's going to be my little secret. Well! It's time to go back to lurking. Oh! Yes! I almost forgot! When I'm in Toronto--I plan on meeting with some Stock Exchange Representatives--the one's that get paid to protect investors to insure that we are getting what we pay for! Do Stock Exchange and Securities Commissions have recipricol progrms to help Investors that have paid for their shares but are having a diffcult and lengthy process in getting what is rightfully their's.--Hopefully I'll know more regarding that scenario when I get back. When I initially invested in GLOW it was based on my own research and doing what I felt was right for me----I had no idea that those that do not want GLOW to GLOW would be helping my investment potential in GLOW! JMO!--Wishing that everyone does what is right for them! Do I have the World Record for the Longest Post Ever???? Wishing All My U.S. Posters a Fun, Healthy and Relaxing July 4th!!! Wayne J.