To: RBM who wrote (50363 ) 7/28/1998 12:43:00 PM From: bmart Respond to of 55532
Rob, There was a broker who was working with Joe Lanza named Bob Hurd. He worked for Alex Brown. At one point in time ,J.Lanza referred us to Mr.Hurd to use as a broker to buy Xecom (ASTG) stock. Mr. Hurd was asked how his MM operation worked. He was very cautious about telling us anything. Then our caller mentioned that 'Lanza' had referred us. Then Mr. Hurd suddenly became quite gracious and treated our caller like he was member of the "family". He admitted that he had no inventory of ASTG stock. A complete contradiction of what Lanza had implied earlier, that was the reason for going to Mr. Hurd. He supposedely had an inventory of ASTG stock. Mr.Hurd told our contact that he would "sell" him the stock even though he had none to sell. Of course since he was supposedly on the up and up , he told our contact that by the end of the day he would buy the same number of shares he sold us to even things out. It appeared suspicious to all of us. Further questioning of Mr. Hurd revealed "that he might not be able to buy back the shares which he volunteered to 'sell' ". This implied that he would be left with a SHORT position. Mr. Hurd said he intended to buy at a lower price than he sold. Clearly, this is not always possible during the course of the day. Being pressed about this deviation in standard operating procedure....he claimed that "if things just really weren't working out, (in other words he couldn't cover), he would make a call to, none other than , Joe Lanza. About three months ago when we were trying to get a MM to sell us shares of RMIL at $5.00, We called Mr.Hurd, He said he couldn't sell us any RMIL.......he knew of no one that could get their hands on RMIL shares. In my opinion, these individuals, very close to Zapara and Mork, cannot get their hands on RMIL. From here, the story evolves to certain posters RMIL shareholders are very familiar with. This is why Ellen's question about Mr. Kugler is very relevant. The next twist in the story is very interesting. RBM