Purchasepro!! Shorties ade!! - 500 Beiträge pro Seite

[FirstDayTrader]

Wenn das mal nicht klever ist!!

LAS VEGAS, Oct. 9, 2001 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO) today released the following open letter to its shareholders.

Dear PurchasePro Stockholder:

Let me begin by thanking you for your continued support of PurchasePro. As a result of the many questions we`ve received from our shareholders, regarding the "short" position in PurchasePro`s stock, I believe it is appropriate to publicly discuss the issue.

Management believes that the current stock price is attributable, in part, to heavy pressure from "short selling" in the market. First, let me explain what "short selling" is and what we think you can do to help us, and in turn, help yourself.

In "short selling," traders sell stock they do not own by borrowing shares from a broker. If the stock price goes down, the short sellers buy stock in the market at a lower price, return the stock to the broker and systematically make a profit. By selling first and buying later, short sellers benefit from stock prices going down instead of up. Thus, their interest in our company conflicts with what most of our stockholders want, the stock price to increase.

Traders borrow stock from people like you, whether you know it or not. If your shares are registered in your broker`s name instead of yours or if they are held in a margin account, your broker may lend your PurchasePro shares to "short sellers."

While many companies experience short selling in the marketplace, the amount of short selling compared to the trading volume in our stock has been unusually high. This may be contributing to the downward pressure on the price of our stock.

Therefore, we are asking all of our shareholders to do the following: Promptly call your brokers and have your PurchasePro stock taken out of street name or place your holdings into a cash account. This means that instead of your shares being registered in your broker`s name or being held in a margin account, they would be registered in your name or placed in a cash account. You would still own the stock, and your ability to hold or sell the stock would not change.

By registering your shares in your name or holding them in a cash account, a short seller would not be able to borrow your stock without your permission. The only difference would be administrative, including possible paperwork and possible minor expenses you may incur in re-registering or moving your shares. This element differs from brokerage firm to brokerage firm. When you want to sell, you would have to send your broker instructions to move the stock back into street name or into a margin account, and the broker may ask you to sign some transfer documents. We think this is a small price to pay for relieving the heavy short selling pressure on our stock. You can seek to take shares out of street name or a margin account at any time, accordingly, we are asking stockholders to call their brokers promptly and attend to this issue. PurchasePro intends to work with its transfer agent and participating brokers to make the process of re-registering your shares or moving them into cash accounts as quick and easy as possible. If you have any questions about this process, please call Steve Stern, PurchasePro`s vice president, corporate communications and investor relations, and he`ll be happy to assist you.

PurchasePro has undertaken a number of recent steps to better its position for the future. We have a strong strategy and clear tactics to support this strategy. As a shareholder, you can help. We appreciate your consideration of this important matter and thank you for your continuing support of PurchasePro.

Regards,

Richard Clemmer President and CEO

[RealAkuna]

Nachbörslich bei 0,50$

PPRO GET STOCK

LAST MATCH
Price 0.5000
Time 19:27:13
TODAY`S ACTIVITY
Orders 191
Volume 57,223

As of 20:30:14 ET



Tuesday October 9, 5:42 pm Eastern Time
PurchasePro asks shareholders to protect company stock
NEW YORK, Oct 9 (Reuters) - Troubled software company PurchasePro.com Inc. (NasdaqNM:PPRO - news) -- in a bid to keep its dwindling stock price from falling further -- on Tuesday asked its shareholders to refuse to lend their shares to short-sellers.



Short selling is a common but risky Wall Street practice of exploiting a fall in share price by selling borrowed shares, buying them back later at a cheaper price and pocketing the difference as profit.

PurchasePro -- whose shares have been trading under the $1 mark for over a month and which risks being delisted from the Nasdaq stock exchange -- is trying to find a way to boost its ailing stock price and stop it from falling into ever-more dangerous territory.

Shares of PurchasePro, once a high-flyer in the business-to-business software sector, have lost over 99 percent of their value this year amid the harsh U.S. economic slump and the slow down in corporate software spending. At the close of the regular session on Tuesday, the company`s shares were up 7.89 percent, or 3 cents, at 41 cents.

In a statement PurchasePro asked its shareholders to call their brokers and have their PurchasePro stock holdings transferred into a cash account under their own name.

``By registering your shares in your name or holding them in a cash account, a short seller would not be able to borrow your stock without your permission,`` PurchasePro said, adding that the shareholder would still be able to hold or sell the stock at his or her wish.

``We think this is a small price to pay for relieving the heavy short selling pressure on our stock,`` PurchasePro added.

PurchasePro intends to work with its transfer agent and participating brokers to make the process of re-registering shares or moving them into cash accounts as quick and easy as possible, the company said.

Gruss
Akuna

[RealAkuna]

Zeit Kurs Umsatz
10:23 0,51 200
09:47 0,51 121

Unlimitiert gekauft für stolze 320 DM.

Habt Ihr gut gemacht: +24,39 %

Gruss
Akuna

[RealAkuna]

10.10. 15:07
VerticalNet: Anhebung der Prognose
--------------------------------------------------------------------------------
Das B2B Unternehmen VerticalNet erwartet im dritten Quartal einen Verlust von 7-9 Cents pro Aktie. Bisher hatte das Unternehmen einen Verlust von 8-10 Cents antizipiert, die First Call Schätzung liegt bei minus 13 Cents pro Aktie. Der Umsatz im dritten Quartal soll $31-$32 Mio. betragen.

Das Betreiber-Agreement mit dem Online Marktplatz Converge (von Compaq und HP) werde aufrecht erhalten, es werden jedoch weniger Consulting Services durch VerticalNet zur Verfügung gestellt. Im dritten Quartal soll ein Investment von $215 Mio. abgeschrieben werden, was in einem Aufwand von $1,75 bis $2,00 pro Aktie resultieren werde.


Geht stramm auf die 1$ zu !!!