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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: George Dawson who wrote (18484)	10/11/1998 3:52:00 PM
From: Greg Hull	Read Replies (1) \| Respond to of 29386

George, <<2. I have not been able to clarify the rules on shorting small cap low priced stocks. I heard and posted that there may have been an SEC or NASDAQ rule limiting the amount of shares of Ancor available for shorting earlier this summer.>> On a recent re-reading of the S-3 of 9/4/98, I came across the following statement buried on page 17: "In addition, a Selling Shareholder may, from time to time, sell short the Common Stock of the Company, and in such instances, this Prospectus may be delivered in connection with such short and the Shares offered hereby may be used to cover such short sales." For many weeks you have been asking from where the short sellers could be obtaining the shares. I had not noticed this line in earlier readings. Perhaps you were aware of it, but I wasn't. For me it clarifies how they can short but not why they haven't shorted more. Greg