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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: JEB who wrote (3324)	9/6/1998 5:56:00 PM
From: Money Maker (MM)	Read Replies (1) \| Respond to of 119973

ABTE, short squeeze. 1 888-891-8834 for Conference Call Don't forget to check it out on yahoo message board. These are what I found on yahoo message board. ============================== messages.yahoo.com. Message 4629 of 4656 ABTE message on ETRADE round_trip Sep 5 1998 8:46AM EDT When I checked ABTE's price on ETRADE, I read a message like this below: "Short Sales in this security are subject to NASD regulations, UPC 11830" Any idea what does it means? Thanks in advance. ====================================== messages.yahoo.com. Message 4638 of 4656 UPC 11830 Text pdee98 Sep 5 1998 2:13PM EDT 11830. Mandatory Close-Out for Short Sales (a) A contract involving a short sale in Nasdaq securities described in paragraph (b) hereof, for the account of a customer or for a member's own account, which has not resulted in delivery by the broker/dealer representing the seller within 10 business days after the normal settlement date, must be closed by the broker/dealer representing the seller by purchasing for cash or guaranteed delivery securities of like kind and quantity. (b) This requirement shall apply to Nasdaq securities, as published by the Association, which have clearing short position of 10,000 shares or more and that are equal to at least one-half (1/2) of one percent of the issue's total shares outstanding. (c) This mandatory close-out requirement shall not apply to bona fide market making transactions and transactions that result in fully hedged or arbitraged positions. ================================ notes from me: check it out directly on NASD site, nasdr.com. MM