SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Olympus Ventures (OVIS) - formerly (OLPV)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Fairbanks who wrote (4598)9/4/1997 4:59:00 PM
From: Riley G   of 13196
 
>Date: Thu, 4 Sep 1997 16:24:16 -0400
> Riley,
>
> I know that you are bombarded with e-mail so I'll be brief.
> With 2.1 million in the cartel (do we know what this number is after
> today's action) and just 1.6 million of float, how do 811,000 shares
> change hands today? Will we continue to pass this off as MM games or
> are cartel members selling?
>
> Still long 5,200 OVIS

Good question on that. I and many others have been trying to figure the MM's plays out for some time. They have traded some MILLIONS of shares during the last few weeks. There is no stock to buy or sell, so we don't know were it coming from. You would figure that they would have stopped these games by know!

On another note: YOU NEED to CONTACT your brokers to make sure your certificate orders were placed. The T/A has received some. I don't know the exact numbers, but some have said that their brokers have not filled the paperwork yet.

Time to stand up and fight with the cartel, or watch us lose if you have not called for delivery....This is the only way to win this battle.

Thanks to those who were buying today!
Thanks to those who did not sell in the induced panic sell tirades!.

The Thin Blue Line,
Riley G
------

Complaints to regulatory agencies haven't stopped the practice of undeclared short selling. However, one way companies can protect themselves is to recommend to shareholders that they take physical delivery of their stock certificates. When physical delivery of stock certificates is demanded by a significant number of shareholders, the creators of nonexistent stock can be squeezed. The short sellers won't have stock certificates to deliver and thus they will cause losses for them and will cause them to move their undeclared short activities elsewhere.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext