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To: Janice Shell who wrote (9201)10/23/1998 7:19:00 AM
From: tonto  Respond to of 26163
 
Is this what Sylver is saying?

Some guys "tricked him" into sending $1,000,000 worth of stock out of the country, without paying for it first. To some, $1,000,000 may not be a huge amount, but to a company that did I believe approximately $44,000 in business during the whole year, it obviously is a HUGE amount of money. Has he explained how exactly they "tricked him"?

It does not make sense. Sending such a HUGE quantity of shares out of the country, without being paid first. One would think from Sylver's past career as developer/operator of the "largest private corporation"
in Nevada that he could not be so easily "tricked". It does not pass the smell test.

Amazon's Sylver claims unscrupulous investors are short-selling Amazon shares that are not even supposed to be trading in the first place. Sylver claims the company was tricked into sending 4.48 million shares to Joseph Andy Mann, managing director of First Concorde Securities Ltd., a brokerage with offices in Nevis, West Indies, and Cancun, Mexico.



To: Janice Shell who wrote (9201)10/23/1998 7:32:00 AM
From: tonto  Read Replies (1) | Respond to of 26163
 
The reporter could have explained how this is done during a squeeze.<gg> How did IOM and KTEL limit their shares? <s>

In a short squeeze, a company deliberately limits the supply of its stock, driving up the price and forcing all investors with short positions to cover their borrowings at highly inflated prices.

Secondly, squeezes do not force all investors to cover at a higher cost. It does force the margin requirements. Those with sufficient capital ride it out, knowing once the squeeze is over, the overinflated stock price collapses. (see IOM and KTEL for examples)
All, is very inaccurate and misleading. I wonder who told the reporter learned this?