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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: RealTime who wrote (1048)	11/19/1997 7:06:00 PM
From: franco	Respond to of 11708

This post from the ERHC drop Aug 7 from $2.40 to $1.60 is EXACTLY the goal of the BIG SHAKEOUT: www4.techstocks.com If Shorty can't BUY the shares from ya, he'll try to STEAL them from ya by tryin' these SHAKEOUT PLAYS. As evidenced by the above posting... its worked in the past, so he'll keep on usin these tactics in the future. WATCH OUT! Shorty and the MM's can move the numbers all over, but in the end Shorty will have to cover! GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO C$MA!!!

To: RealTime who wrote (1048)	11/19/1997 9:10:00 PM
From: TraderGreg	Read Replies (3) \| Respond to of 11708

Here is why you all need to request your certs, for those unaware. A listed NYSE/NASDAQ stock is shorted by borrowing shares to sell from a long holder's margin account. A Bulletin Board stock is not marginable and theoretically it is not shortable. In fact, many brokers will insist that your shares of CSMA can't be shorted because a "not allowed for shorting" code is placed in the account. BELIEVE ME ON THIS, THEY CAN STILL BE SHORTED AGAINST BY THE PROFESSIONAL WHOLESALERS AND OTHER MARKET MAKERS. Here's what they do: ShortSlime can access a report that says XYZ brokerage has 50,000 shares in street name of CSMA. ShortSlime then shorts those shares, no permission requested, none granted. They simply short them-naked. And here's the rub-Neither you nor your brokerage firm know they were shorted. (If someone takes your car while you're on a world tour, do you think it's stolen if you didn't know he took it?) OK, so what does one do. Requesting your certificates is like an "Allie Allie in Free". Robins must now come home to roost. Moreover, the return of those shares to you removes them from the aforementioned report. The shares aren't there for Shorty to see, so he can't short them. ShortSlime's broker says to ShortSlime: " Uh, those shares you shorted have been requested by their rightful owner and you got to cover." Badda-bing. (The owner of the car is coming back from Europe and needs his car back but ShortSlime sold it.) Shorty has to buy back shares in the open market. BTW, since there are obviously no records of short positions for Bulletin Board stocks, THE SAME SHARES CAN BE SHORTED MORE THAN ONCE. So, when you request your certificates, two pieces of garbage have to cover. After you place your request, you'll have to wait a few weeks before you get your certificates. The longer you wait most probably means that ShortSlime is saying: "Uh, well, they're coming, uh, I'll get them to you real soon." In other words, he ain't got 'em and he's stalling. When CSMA gets NASDAQ listing, this type of crap will be greatly, if not totally, eliminated because much tighter controls and enforcement are in place. But once it becomes marginable, it can be shorted legitimately once again. BUT CALLING YOUR CERTS WILL ALWAYS REQUIRE ANY SHORT POSITIONS TO BE COVERED-WHETHER IT'S COCONINO OR MICROSOFT. I hope this has helped. TraderGreg