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

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To: Ditchdigger who wrote (38496)1/27/1998 9:03:00 AM
From: FTJoe  Read Replies (4) of 55532
 
This makes perfect sense to me. I would have though the broker he deals with would have the right to sell shares in his account to cover
of replacement..DD


It makes perfect sense except for why the broker didn't force a cover? ;-) Maybe it wasn't long for delayed delivery after all? It surely must be Canada, I would think a US firm would require settlement within 3 days. Note the answer "No" applies to shorting the stock, not necessarily where the broker is located. Assuming it was Canada, why use a canadian firm unless it was to be able to short a US BB stock? Many assumptions on my part, but my point is this may not be the entire story and in spite of your first sentence, your second sentence implies it doesn't make perfect sense.
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