Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : LifeOne, Inc. (LONE) -- Ignore unavailable to you. Want to Upgrade?

To: Puck who wrote (1642)	10/19/1999 10:51:00 PM
From: R. Thomas	Read Replies (2) \| Respond to of 1834

My understanding from somewhere along the line is that depositions are coming up in November. Not sure what is causing the upticks, tho the volume picked up nicely late in the day. Anyone have any ideas as to where the trades are coming from? Lots of small ones or a couple of good size? Would think anyone who was short would have long since covered the position, yes?

To: Puck who wrote (1642)	10/20/1999 5:32:00 AM
From: Puck	Read Replies (1) \| Respond to of 1834

Does anyone know what one needs to do in order to be able to short sell bulletin board stocks? Many people on SI appear to have this capability but my broker won't accept my orders for doing so and I'm told that SEC regulations prevent this from being done. Obviously there are things I do not know.

To: Puck who wrote (1642)	10/24/1999 9:58:00 AM
From: Puck	Read Replies (1) \| Respond to of 1834

The following may be of interest to LifeOne shareholders. The SEC is considering changing the regulations governing short sales of equity securities and derivatives on the exchanges and NASDAQ National Market in addition to extending short sale regulation to all other equity securities and equity derivatives not traded by these institutions, which would include those on the OTC Bulletin Board, where LONE currently trades, and in the Pink Sheets, where LONE appears to be headed; and has made a formal request for public comment before rendering final judgment about whether or not to accept any of their "concepts" into official regulation. sec.gov The following section from the request-for-comment circular directly addresses the potential for regulation of the market where LifeOne stock trades: G. Extending the Short Sale Rule to Non-Exchange Listed Securities Current short sale regulations cover securities that are either listed on an exchange or traded in the Nasdaq NMS. As a result, they cover securities that are generally characterized by high trading liquidity. In addition, these markets have a relatively high degree of transparency. Securities traded in the OTC markets (e.g., Nasdaq Small Cap, the NASD's OTCBB, the Pink Sheets) are not subject to short sale restrictions. The staff frequently receives complaints alleging short sale abuses involving securities in the OTC markets. As a corollary to other concepts presented in this release, we seek comment on regulating short sales in this market sector. We recognize that Section 10(a) does not grant specific authority to the Commission to regulate short sales of securities not listed on a national exchange. Thus, regulations that extend short sale regulation to new market sectors would have to be adopted under other available statutory authority. Q35. Should we consider extending short sale regulation to cover non-exchange listed securities? Q36. If so, how should the new regulation restrict short sales? Does the current NASD short sale rule provide an applicable model for this purpose?