SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?


To: Skeeter Bug who wrote (27212)12/14/1997 12:43:00 PM
From: Pugs  Read Replies (2) | Respond to of 55532
 
WE have 2MM shares in certificate form, The float has been confirmed by the co. to be 2.17MM shares.
Holders of large positions of RMIL are still having great difficulty getting their certificates. I, myself, was promised a "bundled" order ( 4 orders) ...and recieved a tattered and torn cert for a measely 250 shares!!!
The mechanics of a squeeze that were evident w/ IOMEGA are evident here. The difference here, would be the NAKED SHORTING.....you can't simply dismiss IOMG was a pink-sheet which liberated itself to other boards....IOMG was shorted to $.10/share. IOMG was critiqued for having a useless product which couldn't be purchased in the US. It was heavily shorted. When it was, longs increased their positions, like we are. You raise your nose to the idea that RMIL MM's might be churning amongst themselves or short-selling, but, when was the last time YOU were allowed to buy on the bid. That would suggest to me, a 'sale' to another MM.
Also, I contend that when 2 brokerages covered their short positions the value of RMIL stock increased to $4/share. That was followed by sell-off. The sell-off has no effect on the squeeze because the shares were not certified.
You pick co.s on fundamentals, at one time, as my comparison showed, NOBODY had a use for IOMG's drive, it wasn't available in the US. RMIL has $30,000,000.00 in backlogged water orders, a $10,000,000.00 cash infusion that is partially going towards building a new bottling facilities in Tensleep to fill those orders. New Mills are being planned for the Dominican Republic for the garment end of the buisness, and like IOMG, RMIL desires to move to another board, the AMEX.
Pugs



To: Skeeter Bug who wrote (27212)12/14/1997 7:28:00 PM
From: shades  Read Replies (1) | Respond to of 55532
 
where can this be independently verified? both the float and how many shares you have locked up.

Why did mork send an employee here to bash the stock, do squeezes require fundamentals?

yes, pugs, where can i independently verify this information, ie, what is your source that leads you to this conclusion? btw, why sell short if they are so "afraid" of the "cartel?"

Why would mork send an employee here to bash the stock, do you think they were afraid BEFORE pure WATER entered this?

rmil is no iom or presstek. period.

What leads to your ERROR in thinking that squeezes require fundamentals, do more people buy bottled water or zip drives?

what squeeze? where? did i miss something here?<?i>

Yes, apparently you did.

pugs, im a fundamental investor. since nothing fundamental of substance exists with rmil, imho, then i don't like the investment.

AHAHHA, THIS explains why you cannot understand a squeeze, they DO NOT REQUIRE fundamentals, you can short squeeze a stock that sells pet rocks, if there is an illegal naked short position, SIMPLE laws of suplly and demand, did you ever take an economics course?

btw, i find it impossible to believe with all this buying and holding that the "cartel" is doing that the price drops like a rock. net buying means the price goes up.

Who controls the pricing friend, not the cartel, the mm's that have the most to lose if the squeeze happens.

been here before and believe some may find my experience valuable.

Really? How many squeezes have you been in before? Did they have an admitted short? DId they have the employee of an admitted short bashing them, did they have FAKE press releases against them from that sam admitted short?