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


To: Hawkmoon who wrote (21260)11/24/1997 11:54:00 AM
From: Ellen  Read Replies (1) | Respond to of 55532
 
Ron, I for one don't appreciate your verrrrry long posts on GIFS and what you "bring up" on RMIL has already been hashed and re-hashed here. And in some cases, re-hashed yet again.

We are all well aware of how much you know about GIFS. Can we close the book on that here now? Thanks.



To: Hawkmoon who wrote (21260)11/24/1997 12:14:00 PM
From: Pugs  Read Replies (1) | Respond to of 55532
 
Good post, but I don't agree, alot of the comparisons are a stretch, ie; aquisition vs. merger, etc. Also, Mork has admitted to a short position, now, if would just admit to an accurate account of his short position since his DVBC has been dumping shares and the Calif. short have proven unsuccessful in moving their 'problem' to Canada. I , really, don't see much similarities between GIFS & RMIL. And, YES!, Foreman was robbed!, Pugs



To: Hawkmoon who wrote (21260)11/24/1997 1:30:00 PM
From: Tom R. Clarksburg  Read Replies (3) | Respond to of 55532
 
Mr. Reece, I have a question. You said:

Remember the authorities, so far as I understand the law, can not forced a short seller to go out into the public market to buy their stock position back in order to cover.

As far as I know, you are correct if you are talking about conventional shorts, that is shorts that borrow existing stock to sell. They can only be forced by the "economics" not by the SEC or NASD.

However, if someone illegally shorts a stock without locating it and borrowing first, I believe the NASD must step in. After all, if you have bought a stock and are asking for your certificate...you do have the legally right to obtain your own certificate, so what happens??



To: Hawkmoon who wrote (21260)11/24/1997 1:33:00 PM
From: Riley G  Respond to of 55532
 
The present RMIL special situation 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