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Re: Leto post# 63648

Wednesday, 06/16/2010 5:37:21 PM

Wednesday, June 16, 2010 5:37:21 PM

Post# of 233828
Continued speaking about "shorts""

If the MMs or any body else is shorting KATX and continues to do so until the RM into KATC---

---an RM with a new CUSIP on 1:1 ratio ----all shares are called in to be replaced---therefore all borrowed shares must be returned to be turned in for re-issue as KATC---as the old KATX will cesase to exist

Unless the short position is in excess of several million , there will only be a small ripple due to the covering buy-in--and the MMs will have plenty of lead time--

JMO,,cheers,,
art
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