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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: s martin who wrote (25232)12/9/1997 1:52:00 PM
From: TLWatson59  Read Replies (2) of 55532
 
S.M. You have to classify me as a former shareholder. My interest or at this point curiosity in remaining attentive to this thread is I guess threefold. First I did have a vested interest, second I was fascinated up to a point with the concept of the "short squeeze" and wanted to see if such a move was feasable and third I became kind of mezmorized with the entertainment being provided by many of the conributors to the thread.

MOPO at this point in time is that the short position whatever it may be is not having any effect on price movement to any significant degree. Some short term shorters at the $3 - $4 level may have accounted for some of the recent upside moves. But those who want to read what two different souces have written in an objective manner will see a number of people who have purchased stock, say within the past few weeks, asked for and received their certificates after a normal waiting period. If there were shares available to be issued by the TA for these purchases, where is the shortage that others insist must be at hand. The claim by the Cavelry that they have not received hundreds of thousands of shares since requesting them in August does'nt seem to jive with what others are experiencing. Perhaps there is something else involved with those transactions that has held up the transfer but I personally don't think it is a physical lack of certificates at the TA. As a general thought has anyone called the TA and posed a hypothetical question such as, If I as a broker were to submit a request to transfer 300,000 shares into individual names would the TA be legally able to honor the request?

In any event the tug of war continues and if nothing else is both interesting and informative for me to stay tuned in here.

Unfortunately I have not learned how to master the transfer of data from one directory to another such as Tonto did with the WSJ article otherwise I would have done this morning when I brought it up along with today's Technical Analysis report.

Good luck to all,

TLW
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