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Non-Tech : Olympus Ventures (OLPV)
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To: Ali Asad who wrote (461)4/30/1997 3:57:00 PM
From: Dean Moshova   of 485
 
If most shareholders hold their shares in certificate form any event that may cause this stock to rise will be magnified by the scramble for the shorts to cover. I know for a fact that there are heavy shorts in this stock. In spite of showing positive back to back quarters, the stock has continued to fall.

There are not that many shares free floating due to the 30-1 reverse split. On any movement in this stock with no shares available to cover, the shorts will send this stock back to where they brought it down from. When I refer to shorts in my posts I'm not talking about investors like you or I. I'm talking about market makers in the stock.They can short any NASDAQ stock at anyprice at any time. I know this is happening for a fact.

You have nothing to lose by doing this. If after 3 months this has proven to be a fruitless effort re-deposit your shares in your account. Since OVIS is not marinable anyway, your account is unaffected. I still hold every share of OVIS I've ever had. I believe in management and their efforts to turn this company around. I'm tired of the manipulation of this stock. As stock holders we can help them and ourselves. Call your broker ask for your shares in certificate form a soon as possible. If anybody can see any negative effect from doing this please post.
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