To: Yacht Trash who wrote (19823 ) 11/19/1997 7:36:00 AM From: Hawkmoon Respond to of 55532
Garry, I'm not in the middle, because I'm not in at all. What some of you folks don't understand is that regardless of whether there has been illegal shorting or not (and, if Mork is short 1 million shares, my wish is that he suffers greatly), my point is that if the SEC gets involved and halts trading administratively it is over for RMIL shareholders. You're stock price goes to "zilch" and you'll have absolutely no liquidity even if returns to trading status. And Garry, just what if the cartel sticks together?? You're already seeing signs that the Cartel may be losing momentum and that plays into the hands of the shorts. But just suppose, that the stock goes up in value due to Mork covering his shorts. Unless the fundamentals of this company change dramatically, it will just become an even greater opportunity to short the stock again as folks start turning in those Certs and taking profits. Rule of thumb/translation: "I'm long this stock" really means that "I want the price to go up so I can sell while you're buying". Don't forget that while you observe all of these folks trying to see who is "long" or "short". There are two reasons that the SEC has not yet gotten involved. Either they are merely being selective as to who's company they seek to administratively destroy, or there is something very "rotten in Denmark" and they are getting their ducks in a row before pulling the legal trigger. I can't believe they don't care as this stock is just what John D. Stark, Senior SEC Counsel for Internet Fraud has been looking for. I'm not psychic(nor psycho.. :0), but eventual SEC involvement is something I feel comfortable predicting. Ask yourselves what you'll do when they take away the punch bowl and destroy your liquidity. I'm not short or long on this company. However, the logic of the situation dictates that the shorts have time on their side. Good luck to one and all, but don't risk your rent money on this one. Regards, Ron