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


To: Candle stick who wrote (10392)10/30/1997 5:39:00 PM
From: sandshark  Respond to of 55532
 
I have been through all NASDAQ short interest reports and found nothing. The NASD is still the self-regulatory org and it is all still under the jurisdiction of the boys with the badges.

Also, if the situation is this severe clearing agents would be eating their correspondents for lunch if they continued to screw up CNS with shortselling.



To: Candle stick who wrote (10392)10/30/1997 5:47:00 PM
From: HRAKA  Respond to of 55532
 
Candle,
There is no required short report for BB stocks. I think most of the shorting takes place out of the U.S. The only way to find out if there is one is to do what we are doing here, and if the reports that have come in from two individuals is true then you may see your proof in a matter of days, maybe sooner.
Sincerely,
Hraka



To: Candle stick who wrote (10392)10/30/1997 6:07:00 PM
From: Riley G  Respond to of 55532
 
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 will cause them to move their undeclared short activities elsewhere.
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The present RMIL special situation has to do with the above comments and has nothing to do with Type 1 or Type 2 (cash/margin) accounts. We are not talking about legal shorting we are talking about blatant selling on nonexistent shares to flood the market. Thus keeping the price of a stock down and to terminal short it at the same time. If a terminal short is made (stock value = $0) then the shorts or market makers never have to worry about coving their shorts or extra shares that they flooded the market with. This is why every shareholder must demand delivery of their certificates!

Riley G