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


To: Pugs who wrote (10851)10/31/1997 3:22:00 PM
From: Candle stick  Read Replies (3) | Respond to of 55532
 
Pugs, thank you for the explanation, but I am quite familiar with the practice of short selling. ONLY shares in street name that actually EXIST can be LEGALLY shorted. MY question is : ALL the shares which have been ILLEGALLY created and shorted, in effect amounting to isuuing new shares that are not registered, cannot be covered! When a regulatory agency sees the float of a stock is 10 million when it is legally supposed to be 5 million, WHAT THE HELL HAPPENS.??? How does the the stock continue trading.?....the shares are not viable?

NOW, according to people on this thread there are a substantial amount of ILLEGALLY created and shorted shares numbering in the millions......if that is true then we will all suffer.

It is tantamount to selling tickets to a ball game where there are 50,000 seats and selling 200,000 tickets.....when the stadium officials find out they CLOSE the stadium because they cant let 200,000 people in....NOW, the MM who are short will go bankrupt and go to jail, but I dont care about them, I care about MY STOCK. IS it real and will there be a market for me to sell it? How does that work?