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Alias Born 04/03/2007

Re: ThSeeker post# 189

Thursday, 06/14/2007 9:09:57 AM

Thursday, June 14, 2007 9:09:57 AM

Post# of 5678
There are a few ways to make MMs come in and cover their shorts. I have seen companies issue a dividend which calls for certs to be submitted. This is mildly affective but does not necesarily force them to cover. The company can also issue a forward split and change their symbol. To my knowledge, this is the only way to make the MMs cover all there shorts. There is only two negatives to consider. 1 being the dilution caused by a forward split. The second is you have to be sure that you really have a short position. Being that GMXP is fully reporting, I doubt they would issue a statement regarding a short position if they were not sure of it. The outstanding is relatively low with this company so the forward split would not be such a bad idea. Who knows what they will do.......
GLA

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