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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?


To: Richard Mazzarella who wrote (8239)11/6/1998 11:22:00 AM
From: Lee Bush  Read Replies (3) | Respond to of 14226
 
Richard: Some hard work on the DCTC thread by Joe Medsker determined that Fidelity through FASC mm was shorting the stock for a considerable number of shares, and reporting the same number of shares held each month. This is a dirty little secret among the market makers. Since they don't really have to report short sales of BB stocks, they just look at things on a big brush and short them all down to zero, if possible. Once in a while they get a hold of one that won't cooperate, such as DCTC. The stockholders just knew too much about what was going on with the company and the honesty of the management. As share prices dropped, the shareholders just bought more. Finally, in the last week, the MMs have been forced to cover. A quiet period and buyout possibility has ruined their party.

Now, once we stockholders get the facts in on GPGI and have the confidence required, we can do the same. So, if management wants their stock to escape this black hole, they must give us the facts, nothing but the facts. 1) A consistent content in the ore pile, or an alternate source that is consistent. 2) Regular production runs generating cash flow. 3) Management statements indicating that their stockholders are held in high regard and will be treated fairly. This will force the MMs to retreat and will make millionaires of those who take advantage of the low stock price.
Sorry about the wordiness. I invite you to take a look at Joe Medskers posts on the DCTC thread to substantiate this.
Lee