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To: Esteban who wrote (1831)11/9/1997 7:41:00 AM
From: Thu Ra Tin  Read Replies (1) | Respond to of 8835
 
Shareholder of Rocky Mountain International Ltd. -- OTC:
RMIL -- Sued by Admitted Short Seller

biz.yahoo.com

BROOKLYN, N.Y.--(BUSINESS WIRE)--Nov. 7, 1997--Riley G, an individual investor of Rocky Mountain International Ltd. (RMIL) responds to the press release issued Nov. 4, 1997 by Dempsey Mork of Development Bancorp (OTC:DVBC), and Magellan Capital Corp. after being served a summons of complaint in United States District Court, Central District of California. Case number:
EDCV-97-300 RT (VAPx).

1. Riley G started a grass roots movement with other shareholders of ''Rocky Mountain International Ltd. (OTC:RMIL)'' after uncovering over 1 million shares in excess of the public float. These extra shares in the RMIL market are the direct results of abusive short selling by well-capitalized trading firms and individuals attempting to profit from market manipulation rather than company and market fundamentals.

2. Riley G recommends that all shareholders take physical delivery of their stock certificates. When delivery of stock certificates is demanded by a significant number of shareholders, the creators of nonexistent stock will be forced to clear the market of the extra shares that they flooded in to the market. We are not talking about legal shorting; we are talking about the selling of nonexistent shares. Thus keeping the price of a stock down in attempts to terminal short it. If a terminal short is made (stock value = $0) then the short sellers never have to worry about coving the extra shares that they flooded the market with. This is why every shareholder must demand delivery of their certificates!

3. Riley G states for the record, ''I am only a shareholder of RMIL stock and have no direct or indirect ties or links to Rocky Mountain International, LTD. (RMIL). I am also sick and tired of the short sellers and their associates on the Internet with their repeated attacks on other RMIL shareholders and myself, as they continue to slander a company that I am a shareholder of. It appears that the short sellers' main intent is to manipulate the price of RMIL down in an attempt to cause shareholders to sell off their shares for the personal gain and benefit of the short sellers.''

Contact:

Riley G Enterprises
Riley G, 718/331-1960
Riley-G-Enterprises@psicop.com
psicop.com



To: Esteban who wrote (1831)11/9/1997 10:28:00 AM
From: Alan Coccio  Read Replies (1) | Respond to of 8835
 
You're quite welcome Esteban. Of course, no one ever bothers to give you these little tips when you sign up for the service. I've found them just by trial and error. Also, by changing the font size, you can pack quite a bit on a screen. With a 17" screen I use the font selection "small fonts, bold, size 6" and can get three Level II screens, three Time&Sales screens, the marketminder screens, a ticker that I use for just Bulletin Board stocks (select NAP for the feed), a board view with about my top 30 stocks (just symbol and price) running down the right side of the screen, a couple of tables for tracking past pricing on stocks so I can quickly check past price and volume by the day and a board view with all the market averages updating. I also have minimized, so I can call them up immediately, a couple of boardviews with BB stocks (about 30 to a screen) so I can watch all the ticks on each stock and a news feed with the Dow Jones Broadtape (which I have on full screen for most of the day and wish I could run on a second monitor.) Of course, I'm gonna be blind very soon. <g>

Regarding your thoughts on sell orders between the spread causing downticks, aren't you observing the new display rules in action. If you place a limit order to sell between the spread and the MM's don't fill you, the inside spread will change to represent your new lower ask. Or am I misinterpreting the scenario?

Exactly! When I place my limit order to sell between the spread, it either gets filled or the ask price changes to reflect my order. In essence, what this is saying - according to the new rules - is that we have someone wanting to sell at this price so does anyone want to buy at this new ask price to offset the impending sell order? If so, someone buys at the new ask and my limit sell gets filled at this price - usually. Of course, market maker games being what they are, they can and do ignore the limit sell some of the time. They always seem to lower the ask but don't always fill the sell order even though someone buys at the new ask price. Welcome to trading in the wild, wild world of NASDAQ.

BTW, how has your S&P Quote feed been handling the volume of recent weeks? I've found that PC Quote works well most of the time, but when the volume surges, the quotes can lag by as much as a minute or two.

Nope, I haven't experienced this with Comstock but I think it's probably more the result of the transfer rate by your ISP during heavy feed times and the speed of your modem than it is your feed from PC Quote.

Al