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Non-Tech : BIAN (BIO-AMERICAN CAPITAL) -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Miller who wrote (4)	1/1/1999 11:04:00 AM
From: Blackie D	Respond to of 25

I don't know if I can help with those ?'s, but it has been my experience that when you see such a rediculous spread, such as 1/8 x 6.00, you can almost anticipate a HUGE naked short position, and this split you mentioned, which I know nothing about, may have been brought about for some very sinister reasons. I would watch the bid very closely. If it rises, without the ask rising, then I would think some MM's are trying to shake shrs, but if the ask rises, without the bid rising, then they are obviously seeing many, many buyers. A similiar situation may have occurred w/ICCN last yr, when the ask was like 3.00, and the bid was .25, or something. Anyway, I believe the MM's eventially won in the end (don't they always), because it's in the pennies again. Blackie ps see ICCN reply # 28, 29, and so on. Hope this helps.