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Re: Just An Average Joe post# 3816

Friday, 02/25/2005 8:04:43 PM

Friday, February 25, 2005 8:04:43 PM

Post# of 4417
I know you didn't ask me, but NO, I don't think the preferreds were issued to facilitate increased shorting. The real problem with shorting is the 'naked' kind. Don't have any idea where we stand there, but it can be done with or without an increase in the number of legitimate outstanding shares.

Actual shorting, covered by existing shares is just a fact of life for a public company. Besides, the preferreds were issued by a prior management team....

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