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Microcap & Penny Stocks : Olympus Ventures (BB: OVIS) ---Short Squeeze is on! -- Ignore unavailable to you. Want to Upgrade?


To: michael d kugler who wrote (90)9/7/1997 11:04:00 AM
From: MARIO PASQUA  Respond to of 492
 
You guys never give up...do you. ;-) Do I sense a brain blockage?

Do we have a communication problem here?. With Ovis, I believe everyone know that there is some kind of risk.. This is not IBM or INTEL Although I did loose some cash at one time or another with those two. As I said before, and so many on this thread are trying to explain to you guys... the purpose of the cartel is (and I'm really tired of keeping on repeat myself!

To: Zeev Hed (3204 )
From: MARIO PASQUA Aug 31 1997 7:06PM EST
Reply #3236 of 5266

Zeev:

I respect your opinion, but I think that you're missing the point.

I believe most people that bought shares in this company, (including me) don't really care how good or bad ovis will perform in the next quarter, or a year from now. The cartel main purpose here, is to squeeze the MM. for shorting so many non EXISTING shares. Naked short.. is that the right term.?



To: michael d kugler who wrote (90)9/7/1997 11:05:00 AM
From: Dante Sinferno  Respond to of 492
 
<<Tonto raises interesting questions. Why don't you answer him?>>

I know you addressed this to Riley , Kugler , but it was Tonto's
question and since you jumped in I feel it's appropriate to
respond with my 2 cents.

I'm here to take part in a short squeeze. Fundamentals do not
matter to me , and I doubt that they do for a large majority
here.

I'm prepared for win lose or draw with no whining or crying
of ANY kind when the smoke clears.

This is my reason for being HERE.

What's yours ?

Bond #112



To: michael d kugler who wrote (90)9/7/1997 1:12:00 PM
From: Riley G  Respond to of 492
 
Mike,
You said it all right here with this sycr post on 8-22-97
exchange2000.com
With the exception of your comments at the end....This article hits the nail on the head!

-------------
To: Timothy Jones (18181 )
From: michael d kugler Aug 22 1997 8:41PM EST
Reply #18201 of 19108

Timothy,

This article was printed by Copley Pacific on short selling entitled..."Understanding Undeclared Short Selling and How it may be impacting Your Company".

Does it sometimes seem that no matter what you do your stock has trouble climbing in price? If this the case, your company's stock may be facing downward pressure as a result of undeclared short selling.

Short selling can be divided into two categories, declared and undeclared. Many dynamic growth companies have been damaged by undeclared short selling. Created by market professionals, the practice consists of creating stock that doesn't exist. It isn't borrowed but created and it creates enormous negative pressure on a stock price.

The Mechanics of undeclared short selling are as follows:

Nonexistent stock is sold short. This nonexistand stock increases a company's float. The nonexistent stock makes it difficult for investors to profit from their risk capital speculations. The short sellers make the profit. The practice hurts the public companies, themselves. It adds massive costs to maintaining a market in a stock and it reduces a company's business options.

The basis of declared short selling is borrowed stock. A short seller provides 50% or more of the value of the stock to his or her broker. This is done in a margin account. The margin protects the broker against any increase in the share price. The broker borrows the stock from a depository trust company. he then sells the stock and adds the money to his client's margin account. Later, the client buys stock (covers) to replace this borrowed stock. The difference between the price the client sold the borrowed stock and the price the client paid to replace the borrowed stock (covered) is the profit or loss from the transaction.

Most declared short players are institutional money managers and fringe group market profesionals, not small capital public investors who seldom participate. Declared short positions risk being squeezed. If the company can double its share price, the short seller will be forced to increase his margin collateral in order to maintain the short position. At such time, the short seller may elect to buy (cover) the stock instead of adding to his margin. This adds to the upward movement of the share price.

Undeclared short sellers don't borrow stock. They don't margin the sale of their short positions. Because they are market insiders they can use various techniques to sell stock that doesn't exist.

Is there money to be made by undeclared short sellers? Estimates are that undeclared short sellers make multi-millions of dollars annually.

Complaints to regulatory agencies haven't stopped the practice of undeclared short selling. However, one way companies can protect themselves is to recommend to shareholders that they take physical delivery of their stock certificates. When physical delivery of stock certificates is demanded by a significant number of shareholders, the creators of nonexistent stock can be squeezed. The short sellers won't have stock certificates to deliver and thus they will cause losses for them and wil cause them to move their undeclared short activities elsewhere.

End of article.

BTW, requesting certificates of a BB stock is extemely perilous. If there is a delay in getting them at a time when you may need to sell, you're a big loser. Ask the posters on GIFS how their scheme to have the thread's shareholders take physical delivery came back to haunt them. Don't ever get suckered into this trap.

Mike
------



To: michael d kugler who wrote (90)9/7/1997 1:16:00 PM
From: Riley G  Respond to of 492
 
exchange2000.com
-----------------
To: Al Ludford (3332 )
From: Colin Cody Sep 6 1997 3:58PM EST
Reply #3349 of 3471

You need to take PHYSICAL DELIVERY of your certificates because, quite simply, your broker can not be trusted to hold them. The retail broker has NO CONTROL to hold the certificates exclusively for YOU.
.
All certs are held at the brokerage's clearing center, Say Bear Stearns for example, or BT Alex. Brown... These clearing houses hold the certs for MANY brokers and when someone shorts they are "covered" in effect by the "float" these shares "on file" provide.
.
Once you DEMAND PHYSICAL DELIVERY there is no more "float" no place for the shorts to hide behind.
.
The TRANSFER AGENT WILL NOT ISSUE MORE SHARES THAN "Exist". Therefore as more and more people DEMAND DELIVERY soon enough ALL the CERTS will be issued...
.
THEN THE FUN BEGINS!! Because the next investor who DEMANDS DELIVERY causes a BIG PROBLEM at the TRANSFER AGENT. The agent KNOWS there are no more certs to issue - YET YOU'VE DEMANDED THAT THEY DELIVER. And they MUST HONOR YOUR DEMAND.
.
So the Transfer agent looks to where you got your shares (from a shorter) and the Transfer agent gives the short player 24 or 48 hours to come up with the shares OR ELSE.
.
If the shares are not produced then a MARKET BUY ORDER goes out, and the short player WILL PAY ***ANYTHING*** DEMANDED BY THE MARKET PLACE for those shares.
.
Forget OVIS for a minute. Back in the 70s some of you may remember Resorts International (Class B), others of you are too young... But to the point. Merv Griffen was rumored to be a player and the Buyers came in with a vengeance.
.
The Stock FLEW and of course the SHORTS BEAT IT BACK DOWN. But the rumors continued and even more buyers can in. Then as here with OVIS and EUTO we started calling for delivery of our certificates. Resorts Class B went from a buck to $250.00 in the matter of a couple months! Some days it would GAP OPEN by $20 or $40!! It dragged the Class A shares along for the ride too, but the WILD RIDE was with the Class B, where the SHORT SQUEEZE WAS ON.
.
EUTO is PRIME for this kind of action, thanks to the Company's preferred share offering taking up so much of the float.
.
How to PROFIT NOW?? BUY BUY BUY (only what you can afford) and CALL FOR IMMEDIATE PHYSICAL DELIVERY. CALL TWO or THREE TIMES A WEEK. Don't let your Broker "forget". The Back Office is notorious in FORGETTING to ship certificates. Some may even REFUSE to SHIP.
.
SCREW THAT! You have the RIGHT to take delivery. The worst case is your broker will extract a $20 fee for his trouble.
.
*******************
BUY ON DIPS. NO NOT CHASE THE STOCK. WAIT and BUY ON THE MARKET MAKER IMPOSED "SHAKE 'EM OUT" DIPS. Then DEMAND PHYSICAL DELIVERY.
*******************
.
Do not fall for the broker ploy "oh no one can borrow your shares" They'll give you many "LEGAL" reasons for this. Like: 1) You can't short a Bulletin Board stock 2) You can't short a Penny Stock 3) I'll hold the certificates right here for you where they are insured 4) Only marginable stocks held in type "2" accounts may be margined. Please: DON'T FALL FOR IT!!
.
Your broker may say all the above in GOOD FAITH. And LEGALLY SPEAKING he would be correct. But IMO, the EUTRO SHORTS are NOT LEGALLY SHORTING THE STOCK. The Short position in EUTO, IMO is 100% ILLEGAL.
.
These ILLEGAL SHORTERS dropped the stock to a third of a penny, and the scum balls STILL wouldn't cover (if you ask WHY?? not cover?? - it's because of TAX PURPOSES. If they don't cover there are no taxes ever due of their profits.)
.
Now it is time to rub their damn faces into the DIRT. BUY and TAKE DELIVERY and watch the shorts SQUIRM.
.
They WILL COVER EVENTUALLY if we stick together and pull all the certificates off the open market.
.
Colin
-------



To: michael d kugler who wrote (90)10/12/1999 2:26:00 PM
From: tonto  Respond to of 492
 
To: +Riley G (31 )
From: +michael d kugler Sunday, Sep 7 1997 10:27AM ET
Reply # of 487

Riley,

Tonto raises some interesting questions. Why don't you answer him?

Are you simply unconcerned with anything fundamental concerning this company?

Tonto has been able to cut through a lot of BS on other threads. His questions are legitimate. He does his homework and does it well.

If you continue to ignore legitimate questions, some may think you're perpetrating(not fighting) crime.



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