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 : Cryogenic Solutions Inc. (CYGS) -- Ignore unavailable to you. Want to Upgrade?

To: LANCE B who wrote (2276)	7/29/1998 1:23:00 PM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 4028

Lance, you missed the point. Companies with no revenues do Reg D offerings to raise cash. The entities possessing the Reg D get a bunch of shares at a sizeable discount to market. Some of these entities short the stock down and use their shares to cover while others figure if it's an emotional stock they can sell on news. Once the emotion dies down, rather than let the price erode they dump. Since CYGS is a nonreporting company there's no way to know for sure how much paper is out there. Once CYGS issues the shares even they don't know who is selling or how much remains with the holders. - Jeff