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.

Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration -- Ignore unavailable to you. Want to Upgrade?

To: MB who wrote (10705)	6/5/1999 11:56:00 AM
From: Alan Coccio	Read Replies (1) \| Respond to of 10903

That's what I was trying to say in a very subtle way. I think we can safely assume there is a huge short position out there to be covered with these shares. No way are they going to be sold in the open market. They have already been sold. These guys aren't dummies. It wouldn't make sense to turn over cash to a tiny company like TPI with the hope they could later dump better than 50% of the outstanding shares into the marketplace. I'm assuming they covered all their bases during the process leading up to the filing of the SB2. There probably is some unknown amount of shares in excess of what is needed to cover the shorts though that WILL have to be dumped. It will soon become obvious if we see blocks hitting the bid. It's an unknown quantity at this point unless they are magicians that knew precisely the price the shorting would drive the price to and took care of it in advance. (Strange sentence structure but you get the point.)

To: MB who wrote (10705)	6/5/1999 2:00:00 PM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 10903

First off, how many shares do you think need to be dumped for the price to be .01? Let's say it is 5 million. Let's next split the difference and assume those shares are dumped at an average price of .05, which would mean a profit of $250,000. The net result would now be 17.6 million + 5 million = 22.6 million shares that exist (exclusive of the shares still held by the "dumper"). 22.6 million shares at .01 has a value of $226,000, which means the dumper can, in theory, use his profit to purchase every last TPII share and thus own the entire company. So, effectively, TPII is now a shell company owned by Kernaghan. My guess it is in his best interests to reverse merge into a more viable entity. That way, his shares will have way more value than .01 each. - Jeff