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Wednesday, February 21, 2001 10:03:43 PM
and I know your slant from reading some of your posts on RB... I'll discuss "REG S" shares with you when you bring me ABSOLUTE PROOF that they have been issued by SEVU... In the meantime I don't see the point talking about "ifs" and "buts", with the unstated aim of causing concern and fear among investors...
All I can tell you is that I met McBride on 3 occasions and that I brought up the "REG S" question... His answer was a categorical "NO" and I believed him because the man is certainly not a fool... Issuing this type of shares is a sure way to find your stock in the gutter, since they're usually substantially discounted and can be resold after 30 to 60 days...
Volume till the Shorting began was very light and the stock price stable between $8.00 and $12.00, or so, certainly no indication of cheap shares entering the Market... Once the shorting started and the Market tanked, nobody would buy "REG S" if they were available, so that's why I don't buy the story....
JMHO, F. Goelo + + +
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