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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)

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To: Bob Sokol who wrote (443)10/3/1997 2:14:00 PM
From: Rashid Garuba   of 55532
 
Riley and Co.,

The MM's must be doing as much covering as possible now, with the AMEX threat pending. For every share the MM's cover, isn't that one less share in circulation?? In other words, reducing the naked float. The critical point is that the cartel hold MORE than the authorised float, THIS IS REALLY CRITICAL.

Seems to me there are 2 forces taking shares out of circulation:

1. cert calling 2. MM's covering

A time should soon come (could be before certs run out) when volume absolutely dries up, unless some inept MM shorts some more.

The key issues are that the cartel have more than the float AND they hold AND they get their certs.

Rashid
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