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Microcap & Penny Stocks : MegaWorld Inc. (MEGW) -- Ignore unavailable to you. Want to Upgrade?

To: jake burns who wrote (694)	7/21/1998 7:00:00 AM
From: Emec	Respond to of 1058

Since you have accounted for almost the entire float, your thory makes sense. If someone want to make a purchase now and none of your contact wants to sell, where do the MMs get the stock from to sell to the would be buyer? They MUST sell the shares to the buyer. It is their obligation as a market maker. The answer is they sell short (naked). At some point, they too must pay the piper (cover by purchasing shares in the open market) which will push the stock through the stratasphere. MMs will be sorry they messed with this soon to be ex BB stock.

To: jake burns who wrote (694)	7/21/1998 9:24:00 AM
From: Robert F. Newton	Respond to of 1058

The only way this thing gets to $20 within the next month is if they do another reverse.................. Keep dreaming

To: jake burns who wrote (694)	7/21/1998 10:13:00 AM
From: Vegas	Read Replies (1) \| Respond to of 1058

What is interesting to me, and we've touched on it before (a few months back), is that I can account for the entire float being held by myself and friends of mine. I doubt the float is still under 300k. These guys have been selling stock. I would put money on it. Why do you think the price suddenly drops to the $3 range? The next day a few buyers come in and it moves back to $4 - its happened several times and I think the selling came from MEGW (unless they did a 504 or convertible debentures????). Comments welcome... JF