SI
SI
discoversearch

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 : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?


To: MZUBOZ who wrote (8333)10/24/1997 8:36:00 AM
From: FTJoe  Read Replies (2) | Respond to of 55532
 
Ya - that'll teach me to post with a buzz on (bowling night). I have a hangover now, everyone be quiet please. ;-)



To: MZUBOZ who wrote (8333)10/24/1997 8:49:00 AM
From: Nam Vu  Respond to of 55532
 
Good Morning All,

Woke up and no answers. A couple of posts, though, thanks. Let me recap and see if I get any morning bites.

This is from Riley's post #8285

Public Float: 1.8 Million
Shares in Name: 1.3 - 1.5 Million
Shares in Cartel, but not yet in Name: 1 Million
Total Shares in Cartel: 2.3 - 2.5 Million
Extra Shares: .5 - .7 Million in excess (I don't understand where the 1.1 - 1.4 Million extra in you post comes from, Riley, can you clarify?)

Given these numbers there is definitely someone shorting, right? Or is some other proof necessary?

The only problems now are the numbers. Some issues:

Restricted shares issued to Morgan and Breton may not be restricted anymore (smartin). Answer from Jerry Whlan: The shares will not be tradeable for at least 6 months. So is this resolved, or are there other points of contention?

The shares held by the Cartel is not confirmed, but this is the basis for the entire squeeze, so for me if I do not think the Cartel has the numbers I would be out.

Can anyone tell me what else could affect these numbers or my logic?

Unless there are other issues, I don't see how a squeeze will not eventually play out.

Nam