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Identiv, Inc. Message Board

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  • DrGM77 DrGM77 Mar 2, 1998 12:23 AM Flag

    SCMM recommended by Mr Prior

    This email I wrote to NASDAQ.Also I will call SEC and NASDAQ

    I was requisted to cover my short position(#shares) on monday
    because these shares are no loner available.This is very strage stock
    and activity around it. There is no good news except bad news.Not very
    spectacular earnings and company will offer new 3 mln shares. Two-
    third of shares will be offered by stockholders(read insiders).On friday
    shares jumped almost $10 without any news(last trade $57
    1/2).Rumors that shareholder(s) fund called back a significant % of
    shares that had been shorted and as the shorts started covering(last 15
    min.of trade on friday) we had a major squeeze(I will be squeezed on
    monday at the requist of my brokerage co). Also on friday Mr. Prior
    who is editor of German Stock letter called'Prior Borse' recomended
    SCMM on TV with a price target of $85 in the next 6 mo.. He also told
    that SCMM will acquire a southeast asia Co(insider information?).
    Some sources informed that mr.Prior himself under investigation by
    the'Budesaufsichtsamt fuer Wertpapierhandel' for insider trading.
    Thank you very much for your cooperation. Sincerely

11.92+0.56(+4.93%)Nov 26 4:00 PMEST

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