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To: Thor Carlsen who wrote (11885)10/21/1999 1:17:00 PM
From: Bruce A. Thompson  Read Replies (1) | Respond to of 14226
 
Slightly OT Maybe....

From the Raging BS Board:Just a reminder about October 23: "Canadian Brokerages will no longer handle "naked" and borrowed Shorts on OTC-BB's as of the 23rd October 1999"

I copied this from another board...please read...

confirmation re: shorting limitations.
From KAHI board:
ragingbull.com

From: Francois Goelo
Friday, Oct 15 1999 4:10PM ET
Reply # of 16822

RCJIII, I have TWO CONFIRMATIONS... first from a contact with a Surveillance Officer at the Vancouver Stock Exchange and second, with my micro-cap stocks that I suspected were heavily shorted: they look glorious and will be more so, as we approach the confirmed dead line of the 23rd October... Also, all shorting of OTC-BB's covered by Borrows is on the way out... Pennies are about to explode...

Tick...Tock...Tick...Tock------>23rd October------> KABOOM!!!

Regards, F. Goelo + + +
---------------------------------------------------
ragingbull.com

you can verify with the following contact:

[excerpted from a later FG post.]

"....Gilles Gauthier at Surveillance on the Vancouver Stock Exchange did confirm by phone that the Canadian Brokerages will no longer handle "naked" and borrowed Shorts on OTC-BB's as of the 23rd October 1999, as it SHOULD BE, since it's illegal to do so in the USA..."

F. Goelo + + +
--------------------------------------------------
ragingbull.com
"NAKED SHORTS" out of CANADA now BANNED....

The practice of Canadian Brokerages issuing NAKED SHORTS
(Illegal short selling without a borrow) and even the plain shorting
of OTC-BB's with borrow will be terminated, effective 23rd
October, under pressure from the US Authorities...