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Mailing List Logs for ShadowRN

From: "Brian E. Angliss" <ANGLISS@******.BITNET>
Subject: News Release, Ares and Maxim
Date: Tue, 6 Sep 1994 22:56:17 -0400
>>>>>[

*****Include Trideo News Release*****

This is Charlie Fingers, coming at you from the wild and crazy world of
corporate intrigue and the stock market.

In a wild day of trading, the stocks of Maxim Arms closed marginally lower
while Ares Macrotech stock closed marginally higher. However, these two
stocks had been fluctuating wildly all day, apparently in an unusal attempt
by Ares to leverage a buyout of Maxim Arms.

Ares Macrotech opened the trading day with a sudden drop in stock prices as
they sold a signifigant portion of thier portfolio, apparently in a vain
attempt to raise sufficient cash to purchase Maxim Arms stock. Responding
directly to the attempted mass purchase, Maxim stock rose over 40 points in
3 minutes of heavy trading, forcing Ares to either sell additional stock to
raise the funds to purchase Maxim stock or to get a loan for the purchase.
This set the stage for a stock market ballet that lasted the whole trading
period and saw Maxim Arms stocks rise and plummet and rise again over 80
points. Ares Macrotech stocks suffered a similar rollercoaster ride over the
course of the day.

However, the real kicker came as the trading period was coming to an end. In
an attempt to gain leverage, in the last several microseconds of the period,
Ares sold some 2% of thier company, which would have provided enough liquid
funds to purchase all the publically traded Maxim stock at the time. However,
Maxim somehow anticipated this move, and in the following fraction of a second,
used the very slight raise in thier stock prices to fund a reverse stock
purchase, along with a loan they had secured from several Swiss banks, that
effectively stopped the Ares purchase dead in its tracks. The end of the day
saw Ares furiously selling thier Maxim stocks to recover from a sudden surge
in stock purchases by Maxim that would have given Maxim Arms some 3 seats on
the Ares Board of Directors. As it stands now, Maxim Arms holds some 4% of
all Ares Macrotech stocks, sufficient for two seats on the Board, while Ares
holds only 1% of Maxim stocks, well short of the necessary 8.5% to gain a seat
on Maxim's Board.

The irony is that Ares unwittingly, with thier massive stock purchases of the
last microsecond, allowed Maxim to gain the money they needed to reverse the
process.

Analysts predict that tomorrow's opening minutes will see a rise in Maxim
Arms stocks, for the 14th consecutive day, and a small drop in the price of
Ares Macrotech stock, the first in 3 weeks.

This has been Charlie Fingers, saying good bye, and good night.

*****End Trideo Feed*****

]<<<<<
-- Trideo Pirate(22:57:13/09-06-55)

Disclaimer

These messages were posted a long time ago on a mailing list far, far away. The copyright to their contents probably lies with the original authors of the individual messages, but since they were published in an electronic forum that anyone could subscribe to, and the logs were available to subscribers and most likely non-subscribers as well, it's felt that re-publishing them here is a kind of public service.