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

To: Lucky who wrote (21119)	11/23/1997 2:36:00 PM
From: michael d kugler	Respond to of 55532

Lucky, Perhaps you could enlighten us as to the shorting requirements in Canada.

To: Lucky who wrote (21119)	11/23/1997 2:56:00 PM
From: Riley G	Read Replies (2) \| Respond to of 55532

Seems that some people have regular shorting mixed up with naked shorting. The blatant selling of shares by Market Makers that are not in inventory. When a MM floods the market with these PHANTOM Shares, they are suppose to cover them at a later date. The problem is this. They HAVE NOT COVERED THEM! Complaints to regulatory agencies haven't stopped the practice of undeclared short selling. However, one way companies can protect themselves is to recommend to shareholders that they take physical delivery of their stock certificates. When physical delivery of stock certificates is demanded by a significant number of shareholders, the creators of nonexistent stock can be squeezed. The short sellers won't have stock certificates to deliver and thus they will cause losses for them and will cause them to move their undeclared short activities elsewhere. -------- The present RMIL special situation has to do with the above comments and has nothing to do with Type 1 or Type 2 (cash/margin) accounts. We are not talking about legal shorting we are talking about blatant selling on nonexistent shares to flood the market. Thus keeping the price of a stock down and to terminal short it at the same time. If a terminal short is made (stock value = $0) then the shorts or market makers never have to worry about coving their shorts or extra shares that they flooded the market with. This is why every shareholder must demand delivery of their certificates! Riley G