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


To: Jack of All Trades who wrote (10285)10/30/1997 2:17:00 PM
From: Typhoon  Read Replies (2) | Respond to of 55532
 
Jeff, when the DTC has a cert order to fill, and the MMs have no inventory, the MMs can't simply generate fake paperwork. Someone must buy back shares to balance out the missing inventory, which is missing because of shorting. Now, if the shorters fail to answer the phones when the MMs call, the MMs who are short must still buy the shares. The MMs should have never let the shorting occur in the first place. So, even if the shorters flee the country with a bag of cash or a Swiss bank account, it doesn't matter - the MMs who sold the shares to Mork or whoever must be held accountable. They can't print some magic worthless piece of paper to fool the DTC.

At least this is how I understand it. Maybe others could explain it better. The only thing that could further delay a squeeze is illegal or unethical behavior in which the required procedures are not followed by the MMs or DTC. Simply ignoring cert requests will not work. The SEC would get way too many phone calls.

If they plan to continue telling investors "hmmm, not sure, don't think we can print you a cert due to a lack of share" - someone is going to be in DEEP trouble.



To: Jack of All Trades who wrote (10285)10/30/1997 2:18:00 PM
From: Pugs  Respond to of 55532
 
IMMEDIATELY! You know all the games we've watched the MM's play day-in and day-out?, "comin' right back at ya!", Pugs