Friday, May 11, 2007 6:50:12 PM
You are right when you say ”There is no way a company can dilute without doing a registration statement."
You also said “brge with endless shares...and he DOES NOT SELL RETAIL...so i ask again.....how do they have those shares for sale??????” I would suggest you find out from Newbridge as nor the IR can’t seem to get the answer from Newbridge.
Possible answers:
1) There is a hedge fund lurking. Shaking loose shares here and running them up in the next 2-3 weeks. Hence the name hedge fund they are hedging.
2) Call your broker. Did they lend your stocks to anyone. My broker has written instructions not to lend my stock out. You may think you are long but your stock may actually be in play. The MM frequently borrow stocks from one another. How do you the shorts are played BTW? You sell what you do not have and you cover with borrowed stock. 3 days later you return the borrowed stock.
3) 1 MM asking another MM to do a dump to scare everyone into believing the dilution is taking pace. What is the advantage to that? See #1 above. I can probably think of many more examples but these 3 come to mind immediately.
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did,
I believe there would be a revolution before tomorrow morning."
Quote by: Henry Ford
(1863-1947) Founder of Ford Motor Company
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