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To: Icabod who wrote (47)7/16/1998 9:10:00 PM
From: Dean Dumont  Respond to of 26163
 
Icabod, from what I have been able to gather at this point the 4,200,000 shares has been removed and short position could be 1,500,000 shares and 800,000 in the float. Even if the stock was to be bought, all 800,000 which won't be in this price range, they will still have to find 700,000 shares.
What we need to take into consideration is these people do not know this and that the word is starting to hit the street as well.
I called management today and they were please with todays activity in the market and the force buy hasn't started yet. I couldn't get names or any other information, but if 4,200,000 shares has need cancealed from DTC, there are going to be some very unhappy MANN out there. There are 3 firms that have had certain accounts frozen, but no information was given out to as who they were.
By the time monday rolls around it will be time to get the Wall Street Journal subscription just to see how the market makers are whining, and to finally see them get hammered at their own game. You can count on the fact that they will be screaming about this one. If a MM is caught short he takes a $$$ hit towards his/hers net capital and on this one it could cost twice. I think they have to pay $2.50-$5.00 per share hit towards their market cap plus they have to buy the stock. OUCH



To: Icabod who wrote (47)7/17/1998 9:59:00 AM
From: Dean Dumont  Read Replies (1) | Respond to of 26163
 
We have a strong opening this morning at 9:55 a.m. we are .65 to 3/4 on 56,600 and more to come.