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


To: michael d kugler who wrote (11194)11/1/1997 2:08:00 PM
From: Jeff Harrington  Read Replies (2) | Respond to of 55532
 
Matty, I'm here to defend shareholder value from a group of people who will attempt to scare people away from a good and public company.

You're acting like an ass again, btw. Check it.



To: michael d kugler who wrote (11194)11/1/1997 2:16:00 PM
From: The Tuna  Read Replies (2) | Respond to of 55532
 
<<This is not the first time we have caught Riley engaging in this kind of ploy>>

Kugler,

that, like the stupid PGP argument, is irrelevant.

The one reason to be in this stock if at all is the fake lawsuit, the bull PR releases, the thousands of messages on a 24x7 basis on this thread telling everyone we're going to lose it all. Without any of those things, this would be nothing but the riskiest of investments. However, unless you can prove that those bozos smartin, PUHRTY, etc. are on the same boat as RMIL, everything else is purely irrelevant. As Al said, RMIL could be headed by Donald Duck. The behavior of the stock (including the down tick on Friday at the very last second) and the unbelievable behavior of certain parties as ***NEON SIGNS*** that someone is unbelievably interested, and extraordinarily incented to see the stock price of RMIL at $0.00. And the only question is whether they can get away with it.



To: michael d kugler who wrote (11194)11/1/1997 5:09:00 PM
From: Ellen  Respond to of 55532
 
To: Joe Cervini (8055 )
From: Riley G
Sep 19 1997 9:41AM EST
Reply #8058 of 12470

Fwd message from AOL:
-------------------------------------
Date: 97-09-19 01:06:37 EDT

You said:

"No short seller can establish a profit on the short side without covering via a purchase. The only exception to this of course is if the shorted stock's company goes belly up. "

BINGO!!! What do you think the shorts were betting on last year? After all, the company was losiing tons of money....the old CEO quit and stole a a cargo ship.......stole all the company's documention and accounting books...etc. IF THE MM OR OFFSHORE SHORTING GROUP DID NOT BET ON TOTAL COMPANY FAILURE THEY WOULD BE IDIOTS!!!

Then when new management took over, since their naked short position was so immense, they decided to illegally short the stock. in order to prevent new management from turning the company around. Such was the case in January after the 1 for 30 reverse. Immediately after the split they shorted the hell out of the stock so that management had no opportunities to turn itself around through a Nasdaq or AMEX listing and higher price stability.

Even when management announced that 9 month EPS was 8.5c back in May, the shorters allowed the stock to go above $.50 before the naked short campaign resumed from late May to early August as the stock went from $.60 to .16 during that period of time. COME ON!!! $.16 /share for a stock that had trailing 9 month EPS of $.085!!! Thats absurd!!! Come on TL the evidence is blinding you!! Especially after this past weakend's tactics of puting out that STRANGE bogus news release. Come on if after all this, you still think that there is no HUGE naked short position out there then you have lost my respect. Its obvious and staring you in the face TL!
----------

RG



To: michael d kugler who wrote (11194)11/1/1997 5:10:00 PM
From: Ellen  Respond to of 55532
 
Subject: release of shares when it happens

Here's how I plan to sell my shares through a slow steady upward process. Others may want to model a slow steady sell after this. I have no control of how you do it. As in all investments, this is only a template!

Stock Price Sell percentage
xx-xx 3% to 5% of position (cover buy in and nice profit)
xx-xx another 5%
xxx-xxx 10%
xxx-xxx 10%
xxx-xxx 10%
xxx-xxx 10%
xxx-xxx 10%
xxx-xxx 10%
xxx-xxx 10%
xxx-xxx 10%
xxx-xxx 10%
================================================

It is a simple matter to replace the xxx-xxx's with the starting price ranges that you want to start selling off shares. This method does not flood the market with shares and allows the stock price to grow as you sell a little here and there. You don't have to sell them in a day, two, or a month. You just follow your own set selling plan.

I have said that I am not selling any shares until the mid. $50 to $65 range, and then about 865 shares of my position! I do not sell on even numbers, I have plans on selling at odd places like EXAMPLE....200 shares at 56.625, 300 shares at 58.125,etc.....

Riley G

As always do your own research before buying any security.



To: michael d kugler who wrote (11194)11/1/1997 5:11:00 PM
From: Ellen  Respond to of 55532
 
The fighting will get the most fierce just before the end. Do not be shaken. We have already won, it's just a question of a little time to let the system catch up with us, and then the MM's will be thrown into the crack of DOOM. We must keep focused. Do not let our attention wander to other possible plays. We will have many more plays on many other days. Keep the line straight and your powder dry. For the newbies out there, keep the faith and enjoy the ride. It don't get much more exciting than this. This will be a story to tell the grandkids around the fireplace (in our very expensive new homes, of course).

Bruce



To: michael d kugler who wrote (11194)11/1/1997 5:12:00 PM
From: Ellen  Respond to of 55532
 
Here is an article that explains "naked shorting". It can be found at: microcapstocks.com

and for a primer on the OVIS situations go here:
olympusventures.com

Undeclared Short Selling

Introduction

Many dynamic growth companies have been damaged by undeclared short selling. This practice consists of creating stock that doesn't exist or borrowed (as is the legal requirement) and subsequently sold in large amounts in the open market creating panic selling and decimating share prices, where they hope to buy the position back at lower levels (creating a profit for the short seller).

Declared Short Sellers

Declared (legal) short sellers are institutional money managers and fringe group market professionals, not small capital public investors. Their positions are reported publicly on a regular basis, and these individuals must borrow the shares before taking on a short position. They must also typically deposit 50% of the value of the short as a margin deposit. From whom do they borrow? Read the fine print on your margin account agreements and you will see it is YOU! This is a perfectly acceptable, legal and ethical investment strategy - just like in commodities you have some folks betting on higher prices, others betting on lower prices in a controlled, disclosed, and regulated environment.

Undeclared Short Sellers

Undeclared short sellers don't borrow the stock they are selling. They (in most cases) don't even have to pay the margin requirements for their position. They are betting on (and trying to create) total failure of the public company. The odds of failure in small business are better than 98 to 2.

There are many ways a public company can confirm an undeclared short position in their stock. One way is to use the response to the company's annual general meeting. The company can add the issued stock (IS) and the short interest (SI). The sum is the stock available in the company's market. Now add the known shareholder positions (KS) and the street stock proxies (SP) If the (KS+SP) sum is greater than the (IS+SI) sum, you have an undeclared position in your stock. Most street stock owners (held in street name at a brokerage firm) don't even submit proxies. You can estimate the size of the undeclared short position by multiplying the stock proxies by 1000. This assumes 10% of the street owners submitted proxies (an estimate, by the way, which is unusually high). When public companies do this comparison they often learn they have 3-7 million shares short and undeclared.

The limiting of access to undeclared short selling was supposed to be the Equity Reform Movement but it hasn't limited the practice. It excludes most retail brokers, newsletter editors, money managers and anyone on the fringes of the internal working of the market. Undeclared short selling networks include a few powerful market insiders, a couple of politicians, and a few financial powerhouses. Their motto: "You can never sell too much stock." It is estimated these individuals gross over a billion dollars annually, making it a very big business.

How Can Undeclared Short Sellers Create Nonexistent Shares?

The trading system is responsible for some of it but most nonexistent stock comes from offshore tax havens. It is impossible to trace the beneficial owner. The nonexistent stock trades several times and comes to rest within the control of the undeclared short selling group. Undeclared short sellers have enough power to force the company to issue more stock, if necessary.

It works because the trading system lacks closure. The monthly brokerage house account statements aren't tied to specific shares issued by the public company. The client account statement is a "claim" of sorts on shares. It does not represent actual ownership of share certificates. You end up with an open-ended option on the stock you buy - and no actual ownership. Nine times out of ten your brokerage firm loans your shares to the shorts (short sellers) on settlement day!!

So, What Do I Do Now?? (Complaints to regulatory agencies)

Though it sounds good in theory, complaints to the so called "experts" who regulate our financial markets have proven to be completely useless. The problem is simple: Lack of knowledge on the part of the regulator. You would be hard pressed to find anyone versed on undeclared shorting with the SEC itself let alone the NASD (who oversees NASDAQ and the Bulletin board) who are "association police" with no real legal power and virtually no transactional knowledge. A complaint to the NASD would probably result in them attacking the public company and the legitimate brokers who bought the shares for their client -- they would attack the victim rather than the culprit.

A Short Trap

The term "short trap" refers to backing the shorts into a position whereby they must cover (buy back the short position in the open market). The only effective way is to demand delivery of all of the shares currently held in street name. This must be done by the shareholder. The problem is that most brokers are brainwashed to believe that if the shares are not on account at their brokerage firm they are gone forever and the commissions generated selling the shares will go to somebody else. One possible solution is a large buyer (sometimes as much as 10% of the float) who will demand delivery of his shares.

The Good News (Is there any?)

The good news is that is the trap is effectively enacted the short will HAVE to cover the position. This can, in some cases, take a $.50 stock to $15 or $20 a share - creating huge liquidity for the company and make the shareholders rich. (20-1 returns are not uncommon) Some of the most successful stocks on Wall Street are a result of an effect short trap.

Example: Presstek (PRST) -- this was a $20 stock that made shareholders a five banger when a major promoter brought in some large players to bust the short.

The Only Real Protection

The only real protection: education of investors! Demand delivery of all shares you buy!!!!



To: michael d kugler who wrote (11194)11/1/1997 5:13:00 PM
From: Ellen  Respond to of 55532
 
Friday, Sep 12 1997 12:37PM EST
Reply #6475 of 12481

Geez!!! I feel like a school teacher here!!! :) Here is a quick and easy to understand explanation: (keep in mind, all the numbers I use will be hypothetical for the sake of simplicity:

XYZ corporation has 1,000,000 shares outstanding. Insiders(ie. pres., CEO, CFO, Directors, etc.) own 900,000 shares, therefore the FLOAT is 100,000 shares.

Keep in mind, that the 900,000 shares that are owned by the insiders are all in their possession, in other words, their stock certicates are located at their homes and in safe keeping, meaning the DTC (Depository Trust Corporation) does not have them.

The DTC only has 100,000 shares, which is the effective float.

Now, over the past 1 to 2 years, the MM have been shorting stock to new buyers, however, given the sad state of the company, they figure that they can short and never have to cover by continuously short selling the stock to new investors who want to buy, since they don't have or even need to keep an inventory. This action prevents the stock from going up and gives the illusion of liquidity when there isn't any. Once the retail buying dries up they short the stock to themselves and simultaneously covering thereby creating a "CHURN" while lowering the price.

In the process of shorting the stock to retail clients without coming up with the required borrowed stock they are effectivley creating more stock that was not authorized by the company. How can that happen you say? Well, thats why the process of Naked or undeclared short selling is illegal. They are shorting(selling) YOU , in the investment public, stock that was created by them.

back to my example above:

Lets now say that through the process of Naked shorting the stock to legitimate retail buyers(you and Me) there are now 3,000,000 shares in the public hands or "float". In other words , (you and me) now own 3,000,000 shares of XYZ corporation, when the "float" is supposed to be just 100,000 shares.

Now the owners of the 3,000,000 shares decide to take delivery of their stock certificates. They call their brokers and put in the request. The broker then sends the request to the Transfer agent who begins the transfer from the"brokerage name" to your own name. Well, the transfer agent begins to issue certs, however when the reach 100,000 shares their computer stops printing certicates because the legal authorized(by XYZ corp) share limit has been reached.

So what happens next? Simple, The transfer agent then calls up the MM and tell them that there are an extra 2.9 million shares and they have 3 business days to eliminate those shares. Now the MM has 2 options:

1) call XYZ corp. and plead their case to them and ask if they please issue 2.9m more shares or,

2) they would have to go in an buy 2.9 shares in the open market, this will in effect skyrocket the stock because they are trying to buy in a market that has the float completely taken up. So in order for the people to loosen the hold on their shares, they have to continousluy increase the price.

Hope that explantion helped ( sorry about mis spelled words and typos as I am late for a meeting and must go.

Regards
Tom



To: michael d kugler who wrote (11194)11/1/1997 5:14:00 PM
From: Ellen  Respond to of 55532
 
Saturday, Oct 11 1997 5:33PM EST
Reply #4506 of 4990

What is the shareholder cartel.

1. The term cartel is used for the lack of a better word.

2. The Shareholder cartel was formed by me as a means to count the public shares of OVIS shares on the public market. As I and many others expected to find many extra shares that have flooded the market. The only way for this to have happened is through the blatant selling of nonexistent shares by the market markers to new or old investors buying OVIS shares.

3. Once I had counted some 2.1 million OVIS shares on the market. I new that the market had been flooded with at least 500,000 extra shares. I and others also expect that there maybe between 2 to 3.5 million extra shares in the OVIS market place that should not legally be there.

4. We the members of the shareholder value cartel are each individuals acting on our own in a common cause to achive our proper shareholder value. We are for all shareholders and not just for ourselves. This means that we do not sell any shares until each individuals shareholder value is recieved. We do not flood the market with our shares if we decide to sell them, as OVIS has a small public float and this would collapse it. Thus damaging other shareholders value.

5. The calling of the stock certificates was a last ditch effort as we believe the Market Markers had banned together to hammer the stock back under a dollar and into the pennies again. We were left with no choice in the matter but to take this drastic action as they were trying to decrease or share value through an induced panic selling.

This was witnessed by myself and others on the Friday afternoon, before I asked each member to start calling for certificate delivery. The closing on that Friday and trading the next Monday showed heavy signs of this attempted induction of a panic sell which failed as more people bought shares on the dips to stabilize the stock.

-----
Based upon the past 9 months eps of .085 cents OVIS should have been trading at $2.125 to $2.5 per share. Based upon the 12 month projected revenues of 15 million plus dollars, I see OVIS trading at $15 to $20 per share. A far cry from the .19 cents I found the stock at when I first started buying it in Aug. 1997.

Riley G



To: michael d kugler who wrote (11194)11/1/1997 5:15:00 PM
From: Ellen  Read Replies (1) | Respond to of 55532
 
To: michael d kugler (6750 )
From: John Gault
Monday, Oct 20 1997 10:20PM EST
Reply #6754 of 6801

RMIL SHAREHOLDERS, We have won!! We know we have well over 1 million shares put in certificate form now and the new transfer agent is about to recieve another certificate order in the neighborhood of 360k to 600k(not counting the 2.8 million cartel shares not put into cert form already). That will easily be enough to claim victory. After the offical numbers come out it will be a free-for-all, some buying in and shorts having to cover. There is no reason, imho, to respond to any of the naysaying that still continues. Call for your certs if haven't already and if you have called but haven't recieved them tell your broker to get on the stick. Good Luck, I choose not to continue debating with people who seem not to be asking questions to get answers rather they simply ask to annoy.

WE WILL SUCCEED!!!!