Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : ICCSA -- Ignore unavailable to you. Want to Upgrade?

To: Ocote who wrote (8)	2/24/1999 10:10:00 PM
From: RockyBalboa	Respond to of 361

Well. Much depends on the further outcome here. Today it traded at $5 which is still "rich", in terms that they will have difficulties to find a new funding. Most of the convertible funds require a nasd listing...they do have little (100k) cash and not meaningful revenues. Without additional funding and running cash expenses... they presumably will file Ch. 11 soon. Note that OTCBB companies still have to file per the new nasd requirements otherwise they aren't allowed to be quoted. A squeeze is not viable as the short interest is too small - hence it doesn't provide enough incentive to drive the stock. If there were 100k's or the entire float shorted, it was different. Short interest has been a minimal 4k in January - nothing to drive while risking others pouring in shares. And there are sitting aound enough sharks with offshore accounts. Methinks, I will short a few at that price. C.

To: Ocote who wrote (8)	2/25/1999 4:47:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 361

ICCSA should continue to trade on the OTC-BB for some time, where you should be able to buy shares to cover. Even GOTK traded at .03 for a while before they finally went Chapter 11. Ask the broker who shorted the shares if they let you trade on the BB, otherwise find a broker who does (like E*Trade). Then you would have to buy shares and either take delivery or have them transferred to the broker where you shorted. For safety, you may want to pick a target to cover above zero and buy shares then. I was thinking $3 originally but I will probably hold out for more (but not under $1).