Olympus Ventures (BB: OVIS) ---Short Squeeze is on! Message Board

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Microcap & Penny Stocks : Olympus Ventures (BB: OVIS) ---Short Squeeze is on!

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To: michael d kugler who wrote (90)	9/7/1997 1:16:00 PM
From: Riley G	of 492

exchange2000.com ----------------- To: Al Ludford (3332 ) From: Colin Cody Sep 6 1997 3:58PM EST Reply #3349 of 3471 You need to take PHYSICAL DELIVERY of your certificates because, quite simply, your broker can not be trusted to hold them. The retail broker has NO CONTROL to hold the certificates exclusively for YOU. . All certs are held at the brokerage's clearing center, Say Bear Stearns for example, or BT Alex. Brown... These clearing houses hold the certs for MANY brokers and when someone shorts they are "covered" in effect by the "float" these shares "on file" provide. . Once you DEMAND PHYSICAL DELIVERY there is no more "float" no place for the shorts to hide behind. . The TRANSFER AGENT WILL NOT ISSUE MORE SHARES THAN "Exist". Therefore as more and more people DEMAND DELIVERY soon enough ALL the CERTS will be issued... . THEN THE FUN BEGINS!! Because the next investor who DEMANDS DELIVERY causes a BIG PROBLEM at the TRANSFER AGENT. The agent KNOWS there are no more certs to issue - YET YOU'VE DEMANDED THAT THEY DELIVER. And they MUST HONOR YOUR DEMAND. . So the Transfer agent looks to where you got your shares (from a shorter) and the Transfer agent gives the short player 24 or 48 hours to come up with the shares OR ELSE. . If the shares are not produced then a MARKET BUY ORDER goes out, and the short player WILL PAY *ANYTHING* DEMANDED BY THE MARKET PLACE for those shares. . Forget OVIS for a minute. Back in the 70s some of you may remember Resorts International (Class B), others of you are too young... But to the point. Merv Griffen was rumored to be a player and the Buyers came in with a vengeance. . The Stock FLEW and of course the SHORTS BEAT IT BACK DOWN. But the rumors continued and even more buyers can in. Then as here with OVIS and EUTO we started calling for delivery of our certificates. Resorts Class B went from a buck to $250.00 in the matter of a couple months! Some days it would GAP OPEN by $20 or $40!! It dragged the Class A shares along for the ride too, but the WILD RIDE was with the Class B, where the SHORT SQUEEZE WAS ON. . EUTO is PRIME for this kind of action, thanks to the Company's preferred share offering taking up so much of the float. . How to PROFIT NOW?? BUY BUY BUY (only what you can afford) and CALL FOR IMMEDIATE PHYSICAL DELIVERY. CALL TWO or THREE TIMES A WEEK. Don't let your Broker "forget". The Back Office is notorious in FORGETTING to ship certificates. Some may even REFUSE to SHIP. . SCREW THAT! You have the RIGHT to take delivery. The worst case is your broker will extract a $20 fee for his trouble. . ***************** BUY ON DIPS. NO NOT CHASE THE STOCK. WAIT and BUY ON THE MARKET MAKER IMPOSED "SHAKE 'EM OUT" DIPS. Then DEMAND PHYSICAL DELIVERY. ***************** . Do not fall for the broker ploy "oh no one can borrow your shares" They'll give you many "LEGAL" reasons for this. Like: 1) You can't short a Bulletin Board stock 2) You can't short a Penny Stock 3) I'll hold the certificates right here for you where they are insured 4) Only marginable stocks held in type "2" accounts may be margined. Please: DON'T FALL FOR IT!! . Your broker may say all the above in GOOD FAITH. And LEGALLY SPEAKING he would be correct. But IMO, the EUTRO SHORTS are NOT LEGALLY SHORTING THE STOCK. The Short position in EUTO, IMO is 100% ILLEGAL. . These ILLEGAL SHORTERS dropped the stock to a third of a penny, and the scum balls STILL wouldn't cover (if you ask WHY?? not cover?? - it's because of TAX PURPOSES. If they don't cover there are no taxes ever due of their profits.) . Now it is time to rub their damn faces into the DIRT. BUY and TAKE DELIVERY and watch the shorts SQUIRM. . They WILL COVER EVENTUALLY if we stick together and pull all the certificates off the open market. . Colin -------

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