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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: Just My Opinion who wrote (38509)1/27/1998 9:40:00 AM
From: (Bob) Zumbrunnen  Read Replies (2) of 55532
 
How does a person sell someone else's shares through his account?

The first person does not have legal ownership of those shares, so IMO he is selling them short.

I would think by exactly the same mechanism that allows cert-holders to sell through brokerages that permit it (Schwab and AGE, for example) and deliver the certs within 3 days. They don't have to prove at the time of the sale that they have the certs; they just have to promise to deliver them.
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