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


To: douglas hicks who wrote (25718)12/11/1997 12:43:00 AM
From: Pugs  Respond to of 55532
 
**********************BEEN THERE, DONE THAT!!!*********
___________________________________________________________
>>>>>>>Subject: Any info about Iomega (IOM)?
| Previous | Next | Respond | Earnings | Iomega Clubhouse |

You have 4 unread messages
To: Tsu pei Li (10384 )
From: Andy Chen Tuesday, Oct 29 1996 10:07AM EST
Reply # of 39344
when you buy 3000 shares of IOMG from XYZ brokerage and xyz's market
makers don't have the stock in their inventory, what they do is they
sell you short 3000 shares and hope to buy those shares back to you on a
later date.

where do they borrow these 3000 shares?

they can borrow stock from other clients in their own brokerage. or they
can borrow stock from another brokerage. where did the other brokerage
get those stocks? they could have them in their inventory, or they could
borrow from their clients, as well.

XYZ brokerage have no obligation to deliver unless their customers
demand the actual stock certificates.
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This isn't the first time the shorts & the MM's have been caught with their pants down. We have approx. 1.77 CERTIFIED SHARES!!!!, Financials will DOCUMENT THE ACTUAL FLOAT, The CO. SAID FOR THE RECORD YESTERDAY THAT OUR NUMBERS ARE ACCURATE!!!! DON'T BE SHOOK IN THE FINAL HOURS>>>WE ARE WINNING!!!! SHOW SOLIDARITY!!!! GET YOUR CERTS!!!, Pugs