At 08:49 PM 8/27/97 -0400, you wrote:
>Riley G,
>
>If OVIS isn't at $5+ by FRIDAY(this week), the MM's have WON. OVIS will be
>viewed as a company that went from $0.20 to over $2 on positive press
>releases AND MUCH HYPE about a massive short-squeeze. "Cartel" "members" will
>sell rather than take the risk of it somehow going back to $0.20-$0.40 range.
>I feel the company--IF the press releases are true and the management is
>competent--is worth at least $2 per share. BUT IF we see $5+ by friday OVIS
>shareholders will win. I am VERY discouraged by today's trading range. I
>believe IF the cartel were as large(share value) as you've claimed, the share
>price from the massive calling of certificates would easily push this stock
>to $10-$15, IF there are as many short-sellers as you and supposedly
>management has claimed.
>All of these IF's are thoughts that are going through EVERY nervous
>shareholder's mind.
>We'll all know by Fridays close.
>I wonder IF I should sell now and buy at Friday's close or Monday shortly
>after the opening bell ?
Look I have told everyone before that this takes time. The guys whom have been in this business for a while can tell you this. This action does not happen overnight, and those who think it will are quite mistaken. I have told every one that time is on our sides and that in would take a week or so after the certificates were called before anything could happen.
The MM's could have been granted a one time 3 day extension on covering their shorts. This would delay any actions on their part until next week. Right now they are trying to lower the price to get those who are fickle out of the stock, by creating doubt in your minds and lowering the price of the stock on little action. I have told everyone about this in the past, and if you want this to work and do a proper short squeeze than you should stand your ground. Time is on our side, and I believe from the numbers that everyone of you have reported to me that we have some 500,000 extra shares than are in the legal float. If EVRYONE has called their certificates then we have no problems, if not then the market markers do not have to cover. I laid out the actions that took this stock from .19 cents in the first week of August to $2 in two short weeks. The MM's have scared some investors that bought at the $2 area into selling because they do not have the stomach for it, as they think that the price going down affects them. Granted their have been very little reporting to me about selling activities, so I can assume that we are still strong, as those whom have reported demanding there certificates are all the true heros.
We may or may not see $5 by this week, but the squeeze SHOULD be in effect starting next week. And I believe those selling now will regret it later, and that's my opinion. All the bigger 10,000-120,000 blocks are holding tight and we are not going anywhere until we see our proper shareholder values.
All shareholder count, and everyone should call in those certificates. That's if you want this thing to work. I can account for about 90% of the cartel reported shares claiming to have demand delivery. And that's all I know.
My totals do not included the group calling them selves the CALVARY, as they have some 50,000 shares and want to buy another $200,000 plus worth on a dip or movement.
There was a group that called in 250,000 last week and I have talked to that broker already and he confirms it.
Today trading was low, but is was great from a technical stand point. As we had lower selling and buying going on, sure the MM lowered the B/A as in the past. They also had .12 cent point spreads to make up money that they have already lost.
Once again, those how have not called in their stock certificates need to do so now.
Those buying more SHOULD order the certificates at the time of purchase.
signed,
Riley G |
