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Biotech / Medical : SNRS- Sunrise Technologies -- Ignore unavailable to you. Want to Upgrade?

To: majormember who wrote (1405)	7/31/1998 10:29:00 AM
From: Joe	Read Replies (1) \| Respond to of 4140

No I do not know this for certain. However, in the past I and others have had traders tell me that it appears that they were shorting SNRS. And in the past couple of days, someone with Level II said it looked like they were covering short positions. I am aware of their research and close involvement as the investment banker, but it appears they do a lot of trading. Most of the placements that have been done have included individuals at the firm and their family members on the registration statements. It just doesn't look very healthy. This did not include the analyst, he is a straight shooter. If you have Level II, look at their trading activity. Or have your broker comment on their activity. I will talk to a trader at one of the MM that handles SNRS and see what he thinks.

To: majormember who wrote (1405)	7/31/1998 3:50:00 PM
From: Joe	Respond to of 4140

Just talked with a MM where I have an account. He said it is hard to tell if the activity is short. MM's of OTCBB stocks don't have to report the trade short like they do on NASDAQ. Even there, while it is reported, it does not show on Workstation II. I think it would be possible to characterize the trading activity of a MM by watching it closely. Since I am not savvy in the day to day trading that goes on (other than looking at CUBBY's data) I do not know what patterns to look for. But, for example, if I saw a MM that did not have a significant retail brokerage outlet and that delt more with institiutional investors, sell a large block of stock that shook some of the weaker hands in the market, then buy the stock back in smaller blocks, I would start to wonder what was up. Since I don't have level II or experience watching minute to minute trading of the MM's, I don't know what patterns to look for. I think this is more a curiosity with me than anything else. If I watched level II data for a week, I'm sure I would get over it.

To: majormember who wrote (1405)	8/4/1998 4:16:00 AM
From: majormember	Read Replies (1) \| Respond to of 4140

All: After sending some PM, I got permission from Tim to post this e-mail he sent me re: NASDAQ listing. The good news is we should easily get full FDA approval. The not so good news is it appears there is still no firm date on listing. Best wishes, Skane ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ "We have no commitment from Nasdaq that we will be approved and we do not have a commitment from them as to a date we can expect an answer. We continue to make progress with them and I would hope to hear from them within the next couple of weeks, but I can't guarantee we will". Tim