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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: Bruce Galpeer who wrote (4817)	4/13/1998 11:43:00 AM
From: Lee Bush	Read Replies (1) of 19331

Bruce: I'm not sure that it is illegal for a Canadian to sell short against locked shares. If the agreement contained a provision that expressly forbid it, then it would be. I don't think we have proof of that. This is pretty common practice north of the border. Of course, it certainly wasn't ethical or morally right to do so, but I think that Joe may have a problem forcing the person or persons to cover their short. Just my opinion (and I hope that I'm incorrect). Lee

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