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Microcap & Penny Stocks : QDRX
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To: Jeffrey Spierman who wrote (2513)8/31/1997 6:14:00 PM
From: HRAKA   of 3977
 
To whom it may concern,
Once again I will point out that MM's cannot sell "undeclared shorts" on QDRX because it is listed on the NASDAQ. MM's sold non-existing shares like crazy on OVIS because:
1. They OVIS is a BB stock and the MM's CAN sell "undecalred shorts" making it impossible to track it's "short" record without an effort like the "cartel's". QDRX is listed on the NASDAQ and the NASDAQ will not allow the selling of "undeclared shorts" by MM's.
2. The MM's thought OVIS was going to go under. Therefor, they would have never had to cover all the non-existing shares they sold
(some estimations of 4 million+ non-existant shares). BUT they were wrong and OVIS made a turnaround to profitability.
3. The shorting however continued because the MM's did not want OVIS to recover, because if OVIS ever recovered and got listed then
the MM's would be responsible for covering all those non-existing shares they sold. Hence the cartel had to do what they did to save the company from what appears to be a deliberate attempt by the MM's to put OVIS under.

PLEASE UNDERSTAND that as long as QDRX is listed that what happened to OVIS CANNOT happen here. QDRX is having their own problems because
of their present fundamentals not because of short selling.

hraka
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