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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 (10862)	10/31/1997 3:34:00 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. -------- 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

To: Candle stick who wrote (10862)	10/31/1997 3:53:00 PM
From: Deeber	Respond to of 55532

CANDLE, I have not posted here yet but have followed for while. To get to your ticket example, it is not the same thing, because a TICKET is like a CERTIFICATE in the name of a shareholder. I can sell 200,000 tickets to a stadium and tell the people to get them when they come to the game, thus when they get there, only 50,000 will be able to actually get the tickets. Like selling 3,000,000 shares, and when people go to get them in their name, onlt 1.6 million can do that. So the ticket seller has illegally sold "phantom" tickets to people, like phantom shares. If only 50,000 ever decide to actually go to the game, nobody will know what he has done. Once more come, he is screwed. Smae scenario here. When MM sell more shares, they are assuming that people will not call for shares. So they will never be caught, and make out like bandits. When the people that bought the phantom tikcets want to go to the game, I mean REALLY want to go, the guy that sold to the people who now hold tickets in their hands has to buy from them to give to the people who want to get in. Thus, they can DEMAND any price they want or they will send the seller to jail for fraud. Ryan Any comments are welcomed. Ryan