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

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

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To: FTJoe who wrote (38499)	1/27/1998 9:27:00 AM
From: (Bob) Zumbrunnen	Read Replies (2) of 55532

This is precisely where I get confused on this issue. Isn't it true that it would be illegal for Mork to have shorted the stock through Canada? Had he done so, wouldn't that have already been brought to light? Sure, a US brokerage would "require" settlement within 3 days, but what is the penalty for not doing so? Since the brokerage account was opened specifically for the purpose of selling these shares, it would be a relatively safe assumption there were no other securities or funds in it. Wouldn't the brokerage have called Mork after the 3rd day, possibly granted one or two 1-2 day extensions, then used the $20k to buy as many shares as possible in the market, then taken whatever action (SEC complaint, litigation, etc) to get the remaining shares? I guess the part I'm still confused about is how he was able to remain short this long.

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