Monday, May 12, 2003 11:02:10 AM
IDCC has 1,800-1,900 shareholders of record. If you take out the insiders/5% owners (~5M-6M shares) and the 200 or so institutions which own approximately 15M shares then that leaves you with 1,600-1,700 individual private investors who own approximately 35M shares. That's an average of 20.6k shares to 21.9k shares per private investor.
The RB club had something like 900 members. The iHub club has something like 1,200 members so if you can persuade most of the people here to take delivery of their stock certificates within the next 2 weeks then you might, just might be able to create a short squeeze while the stock is still around its 52-week high.
If you succeed in persuading enough individual investors to withdraw their stock from the pool of stock in street name that the shorts (5M-6M shares) can borrow then the institutions will follow suit and refuse to lend their shares to the shorts too.
Who knows, Mickey. You just might be able to recover most of your losses and stop annoying people like me in the process. We can even call it Mickey's Squeeze.<g>
Good luck!
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