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To: Zeus549 who wrote (3132)10/10/1998 11:13:00 AM
From: del clark  Respond to of 4230
 
It is really amazing. The company wants fair market value. Do the SEC filing and they get. End of story. The fact that they don't does send a red flag. Thing is, you know the minute I sell they do it and the price is back to 4 in a heartbeat. The company is obviously not a complete scam. I doubt PII would deal with them if they were. So the big question... Is something wrong with the books?

The sad thing is that the shorts can see the company is having problems filing so they will just hammer the stock down to .50 and cover. Looks like the front door is wide open.



To: Zeus549 who wrote (3132)10/10/1998 11:13:00 AM
From: blash  Read Replies (1) | Respond to of 4230
 
It appears as if everyone is waiting for the other shoe to drop before acting. Minimal trading activity is ongoing. Whether that shoe is the Form 10, 3Q report or an announcement from the SEC that all is well (BTW my belief is that the SEC may never announce its findings), investors will sit on the sidelines waiting for some positive, or, for that matter, negative movement in stock price. I can wait because I believe the Company is clean, that it is well managed, that it has taken advantage of Nafta and continues to make financial inroads to the South and that its fundamentals will ultimately prevail.

However, I also believe that we need not wait for the cautious investors sitting on the sidelines to get into this with us. If the squeeze is to happen, all those who shorted the stock will be unwillingly be forced to buyin. Therein rests a great pool of millions of investors. It will be like criminals who must own up to their societal evils by performing public service. In this case it will be us SLOGs who will benefit from their prior misdeeds.