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Stream Communications Network and Media Inc SCNWF



GREY:SCNWF - Post by User

Post by blanketon Sep 22, 2004 8:58am
46 Views
Post# 7949381

The possibility of coming up Short

The possibility of coming up ShortWith the Septemebr 24th deadline looming, along with the small amount of trading going on with Stream, it doesn't seem an eyebrow has been risen amongst the investment houses holding these "millions"(?) of Stream shorts. I'll assume they are waiting till the last minute to cover. My other questions are: (1) If these shorts aren't cover by the 24th when the 30 day period is up, will Stream issue a follow-up news release from the one they sent out on 8/23/04? (2) Are they hoping to put out news regarding financing so they can cover their backs on this "potential" short fiasco? (3) Since Glenn is the X-IR guy, will Stream finally not let him have any contact, phone or otherwise, with shareholders if his theory on shorts comes up short? (4) Does Glenn have a brokers license? Also, Stan is not immune from some responsibilty in this matter either. He had to know Glenn was out there discussing this from Stream's HQ in Vancouver. Did Glenn & Stan really study this matter of shorts closely? Who advised them? Did they pin all their hopes on this situation to come to fruition? I hope for all our sakes this really does come to be and we make some money from it. Unfortunately, Glenn & Stan's track record runs pretty low on when things "will happen" with Stream, so I have a feeling our chances are not even at 50%. But as I and others have mentioned here, I'm still confused by what this short situation has to do with running a cable business and why we haven't been able to secure financing up to this point? The sad reality is that Glenn won't have enough pride to walk away from their offices if he's wrong here. If he doesn't leave, it speaks volumes about his character. His & Stan's lack of professionalism comes through time and time again. I hope no shareholder get's hurt if the 24th passes by without a whimper. Linus
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