News Focus
News Focus
Followers 1317
Posts 28051
Boards Moderated 4
Alias Born 10/10/2003

Re: None

Tuesday, 10/09/2007 11:24:34 PM

Tuesday, October 09, 2007 11:24:34 PM

Post# of 70051
my .02.......

1. who is in charge?.....that has to be determined.....that "may" cause some discomfort via a halt or temp suspension if there was some tampering of the edgar site, i would expect either sec or naz to step in and arbitrate(a gentle term)

2. was wilcox given common or restricted?...if it was restricted, he HAD to have a letter of opinion to clear them, if they were cleared illegally.......s*** will hit the fan.....him, attorney, etc.

3. IF they were restricted, and IF he had a solid L.O.O. from the attorney and they were aged, properly {1year}......and they were in his name.......company is S.O.L........

4. IF they were free trading shares, and in his name.....they are again ...S.O.L.

the only scenario for a "forced" short covering would be no. 2.....and if thats the case, covering the short would probably be the least of their problems.....

all just my .02.......some of you guys may have the answers to some of these questions, somewhere on this board........i havent dug through enough of it to know, one way or the other...

glta

mikey

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today