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

To: Just My Opinion who wrote (17223)	11/12/1997 4:13:00 PM
From: Larry S.	Read Replies (1) \| Respond to of 55532

Al, you wrote: Rich: sec.gov I also think people should email the sec enmasse...flood them with questions about why certs are taking so long, what is the procedure, how long do they legally have to deliver, after a request...drive them crazy.. al I followed your advice, see below. Dear Ms. Griffin, I am an investor in a couple of NASDAQ bulletin board stocks and have found it incredibly frustrating that there sometimes seems to be no correlation between stock price and company value/prospects. Several fellow sharesholders have come to the conclusion that the BB market is more controlled by the market makers using an unfair advantage to profit from the average investor. In coming to this conclusion, these shareholders decided the proper course of action to eliminate this type of manipulation was to get all certificates from "Street Name" to shareholder name and take delivery of these certificates. This we believe would cause the market buys to be true market buys by the investor, broker and market maker, rather than a market buy by the investor and a phantom buy by the broker or market maker in anticipation of a price drop to profit from an investor sell during the drop. Of course market efficiency suffers but shareholder value is properly reflected as brokers will be forced to find a shareholder that is truely willing to sell rather than a phantom holder selling shares he doesn't own. I was wondering if you could address this issue and also provide insights as to what is the normal timeframe an investor should have to wait before the certificate is received. As I understand it, the broker passes the request to the DTC who in turn passes it to the TA who converts the "Street Name" certificate to a stockholder name and then provides it back to the broker to pass to the shareholder. Is this the correct process? What would be the average and maximum time to expect at each transaction point. Additionally, I was wondering if there is anything being done to make the BB market a little more honest. Because after all, we have heard from politicians and researchers time and time again, that it is the small business that is the engine for innovation in this country. If the small business, as represented by the BB issues, is continually slammed in the market place for reasons not having to do with the fundamentals/prospects of the company, doesn't that hurt our country somehow? It clearly makes it more difficult for the small busines to bring their innovations to the market as the task of raising the required capital is made more difficult. And the question has to be Why... To line the pockets of the non-producing segment of the country. Yes, well I'm sorry to get on my soap box but I truly would appreciate it if you could pass this email to someone that composes questions for the town meeting or someone that might reply to the questions I posed. Thanks In Advance, ----------- What do you think. Larry S.