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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: Candle stick who wrote (10805)10/31/1997 2:15:00 PM
From: Typhoon  Read Replies (2) of 55532
 
Trading wouldn't be halted in order to let MMs off the hook who have sold what they didn't own. The MMs will, however, be required to balance any short positions, and this can only be done by buying back shares. Whatever goes on between the MMs and the shorters, well, that's their little problem to deal with. If the shorters declare bankruptcy or leave the country, the MMs are still responsible for balancing out.

There is no easy out. Anyone who short sells a stock must be prepared for the consequences. This is why shorting is so dangerous - if you're long in a stock, the worst that can happen is you lose your investment. If you're short, you can do much worse than lose your investment - there is no limit to the stock price, and you can end up coughing up a ridiculous amount of money. Of course, this is all obvious, but worth repeating.
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