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To: wonk who wrote (8042)10/3/1998 11:58:00 PM
From: CatLady  Read Replies (1) | Respond to of 26163
 
Indeed, a very un-funny hypothesis as to why all this nonsense is flying about. Would that it were a joke. I fear it is all too real...

=========

By the way, here is an interesting series of posts from someone calling himself Ice Cube, claims to have inside knowledge of how the BB game is really played. I'm not saying I give this person much credibility, but some of it rings true...

Message 5797524

Also, how do you think a convertable is covered by "investors"???? They give a company let's say $1million dollars in exchange for a convert that has a "floating" or spiraling" conversion feature. Say the stock trades a $2, they bang it offshore (short it) to .50 cents, convert to 2 million shares, cover the short and make a shit load of money. I gave a very BASIC example, there are many ways to play this game, just the general public is NOT invited. For those of you who do this, you know what I speak of.....

Message 5797596

Message 5802028

Message 5819829

Exactly Street.... The easiest way to make money on these BB's has historically been to be in on the 504 offering (or any other way to get the "cheap stock"). The nickle stock ALWAYS gets blown out in the promotion or even before....... Just lay it out there a bit at a time and you make the money......

Message 5902006

I will be able to take a company public through a reverse merger, raise them money in a convert, promote the stock and make money.... Welcome to my world.....

Message 5902187

"I am the first on eto tell you that you should dig in and learn everything you can about all this.... I have nothing to hide, I am totaly legit and if you buy one of my stocks, that should only take place AFTER you have spent countless hours asking tons of questions. If you don't understand the terms I am speaking about in my previous posts, do you really belong in BB stocks ??? Learn all you can or someone will take your money.



To: wonk who wrote (8042)10/4/1998 9:44:00 AM
From: Janice Shell  Respond to of 26163
 
These 22 million shares are now unrestricted as of last Thursday assuming of course they
were resticted at all. Is it a stretch to hypothesize that maybe whoever got those shares
wants to sell them now and that the foregoing plan is the company's attempt to insure that
the only selling in the market is from the angel(s) who made the investment last year?
Again, just a hypothesis.


22 million shares, eh? My own guess is that this goes a long way to explain the resignation of the transfer agent and Mike Sylver's decision to take over his job. Good luck to those who may want to sell their formerly restricted shares.