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...