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Re: Schwabie post# 339

Wednesday, 11/01/2006 10:43:22 AM

Wednesday, November 01, 2006 10:43:22 AM

Post# of 951
I agree. and then they end up creating a "Naked short" situation by "failure to deliver" the shares by not covering their positions because they short it to 0.0001 and the company does not know what to do next because they end up with billions of shares that just came from no where. Please please please POFG call off the split. This is pinkieland. Listen to the street-smart who are advising you because of experience. The MMs and traders are salivating at this stock because they have found an easy one here to short to nonexistence. R/S do not work with pennystocks . Just look at PCLO which was at 0.25 a few months ago and was shorted to 0.0001 because of the same thing you are trying to do. Its done. Do not feed alligators with the beef on your hand because they will eat you up too. Reconsider the split IMO. Complaints from investors who lose money from R/S usually compalain and they get the SEC attention, who in turn end up scrutinizing the company in more details. Stop the madness. Stop the split. if you want to reduce the shares to 20mil, then
1. Buy them back at the usual 50% discount, or
2. Convert then to restricted preferred share, or
3. Give Amstar their shares at a 5:1 ratio instead






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