Nah,
It was somewhere between 25 and 60 million. There's a delusional Jeff Andle post about Samuels, Primex debt, etc where he tried to claim what the float could be.
Vinny the Torch generated the bogus promissory note for $8 Million in Universal Kim's name. There was a follow up Andle post when this was made public that the shares had to be restricted, until Paul Applebaum at MH Meyerson was caught on tape stating there were 2 Billion out and Surfit was scamming everyone.
By: AlanC $$$$$
13 Jun 2002, 06:57 AM EDT Msg. 727439 of 727444
(This msg. is a reply to 727438 by mcblt63.)
mcblt63: I estimate the short to be between 3 and 5 billion. That
being said I disagree with the many who argue against a normal market cover and expect some kind of negotiated settlement. Here is why:
1., PCBM is but 1 of many companies being naked shorted and frankly most don't make it so in those intances the shorters realize 100% profit and don't even have to pay taxes on the profit. ( They have oodles of cash )
2., A percentage of shareholders will be happy to sell their holdings for reasonably small profits.
3., The cover will see lots of spikes IMHO and money will be
recovered in the shakes by those who are not expecting them and end up selling in a panic.
4., I expect while those short will not be happy about losing here
they will look at it as a cost of doing business. They would like to but don't honestly expect to win 100% of the time. This loss will be particularly painful as it may well be a 3 banger with PCBM, COBE and AllPRO all happening in a short period of time.
What is going to be devastating to the shorters IMHO is the rules
changes that are coming as a result and all the exposure.
Expect to hear lots more in this regard IMHO in the near future. The shorters never expected the shareholders to be as united as we are. The bashers have had little impact here and in fact have probably inspired many to own more than they should while causing few to sell.
Just a unique magical mix which will work to our financial benefit
and the shorters detriment. All IMHO. Go PCBM!!
