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Microcap & Penny Stocks : Ben Ezra Weinstein (BNEZ) -- Ignore unavailable to you. Want to Upgrade?

To: Elio Madama who wrote (3222)	10/5/1998 12:07:00 PM
From: David Coakley	Read Replies (1) \| Respond to of 9391

ELIO: In answer to your question about what is causing the price swings.... As I have stated MANY times for many months now, there is a large amount of short selling taking place. It seems all of it is naked short selling. My best estimate is that there are over 2,000,000 shares sold short. THIS is the ONLY explanation that meshes with the price decline we saw even as we added to our positions. The only way the shorts can get out of this is to buy shares from BNEZ directly. Lets hope BNEZ does the right thing for shareholders who bought into BNEZ well before the reverse split and are down over 90% on their investment in BNEZ due to the short selling crooks. I never received a dividend on my shares and I can only think that they are false shares (naked shorts). I'm furious that NITE and FRANKEL have been able to sell millions of shares short with impunity. It is clear they did this despite knowing that they would NOT be able to borrow enough shares to cover. THIS IS ILLEGAL and BNEZ should sue them for this. Angry, David