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To: Bruce A. Thompson who wrote (7334)1/22/1999 8:11:00 PM
From: Larry Brubaker  Read Replies (3) | Respond to of 27311
 
Bruce, the only trades that must be reported are those of insiders or those holding more than 5% of the shares. Castle Creek has 15,000 shares of preferred stock. They do not own 5% of the common, and even if they did, they would not have to report sales of borrowed stock (short sales). Paul's assertion that because we have seen no filings regarding Castle Creed shares, they haven't shorted, is wrong.



To: Bruce A. Thompson who wrote (7334)1/22/1999 9:07:00 PM
From: Larry Brubaker  Read Replies (1) | Respond to of 27311
 
Bruce, given the "chatter" on this thread, the link you posted yesterday seems even more appropriate.

stockdetective.com

"These are the words of persons ready, willing and able to lose their shirts."

Seems we have quite a few of the emotional types on this thread.



To: Bruce A. Thompson who wrote (7334)1/22/1999 11:32:00 PM
From: Zeev Hed  Respond to of 27311
 
Bruce, when I was an insider, the lawyers never briefed me on "hedging sales", and I presume that hedged sales need not be reported (until the transaction is closed), but you should ask the SEC about it since I have never done that, and thus do not know from personal experience the rules.

Zeev