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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Gator who wrote (20055)	12/1/1998 5:31:00 PM
From: Lawrence Burg	Respond to of 119973

Appreciate your efforts on SER. I'm in the dark myself. Did a quick check on a few items and grabbed 2k on the lunch time pullback. Quick look show some trend reversals on the TA side recently. Oscillators starting to trend back up. A few hundreds shares were recently bought by insiders. A positive move to lock in the shares being issued to Impac @ 9.4M was announced on 16 September. I believe some of this years slide to be due to the terms of the merger. Shares being issued to Impac were originally tied to the price of SER. $14 was a magic threshold which would have triggered a significantly greater number of shares being issued as SER price dropped. Basically, it was in Impac's favor to see SER's price tank. Great short motive. Short interest is from 9 Nov, but I see 1.9M short on OS of 19.4M shares; float of 15.3M shares. 10% short. Kinda fits the theory. I can wait a few days...