Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) Message Board

STOCKTALK

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 : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jack of All Trades who wrote (10285)	10/30/1997 2:17:00 PM
From: Typhoon	Read Replies (2) of 55532

Jeff, when the DTC has a cert order to fill, and the MMs have no inventory, the MMs can't simply generate fake paperwork. Someone must buy back shares to balance out the missing inventory, which is missing because of shorting. Now, if the shorters fail to answer the phones when the MMs call, the MMs who are short must still buy the shares. The MMs should have never let the shorting occur in the first place. So, even if the shorters flee the country with a bag of cash or a Swiss bank account, it doesn't matter - the MMs who sold the shares to Mork or whoever must be held accountable. They can't print some magic worthless piece of paper to fool the DTC. At least this is how I understand it. Maybe others could explain it better. The only thing that could further delay a squeeze is illegal or unethical behavior in which the required procedures are not followed by the MMs or DTC. Simply ignoring cert requests will not work. The SEC would get way too many phone calls. If they plan to continue telling investors "hmmm, not sure, don't think we can print you a cert due to a lack of share" - someone is going to be in DEEP trouble.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next