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

To: RBM who wrote (36574)	1/14/1998 2:01:00 AM
From: TopCat	Respond to of 55532

Rob, I would agree that the rules suck....although I doubt that, as a society, we are willing to spend the money to enforce all that we would like. On the other hand, your (my) purpose here is to make money......in spite of the rules. If, however, you have enough money to fight these rules...and get them changed, then be my guest. I don't, so I think I will just try to make my money within the rules....even though I may not like them....meaning, I will probably stay away from investments that don't require clear and up-to-date reporting. TC

To: RBM who wrote (36574)	1/14/1998 2:04:00 AM
From: s martin	Read Replies (1) \| Respond to of 55532

In many of the penny stocks, the short sellers are insiders, it has been fairly well documented that when there are REG S shares that are being issued, the shorts will follow, the same people who were issued those shares will short and then cover with the cheaper shares. In one of the BW articles on the mob this has been discussed. If you become aware of how things work you can avoid these situations. I would venture to say most of us have learned this the hard way and don't wish to see others scammed the same way. JMHO

To: RBM who wrote (36574)	1/14/1998 10:07:00 AM
From: (Bob) Zumbrunnen	Read Replies (1) \| Respond to of 55532

You are right about that, RBM. While I'm not convinced yet that RMIL has been shorted that way, it's a given that it does happen all the time, and I think it's the most vile thing that happens in the stock market. If it's happened here, I hope that the perpetrators are shredded mercilessly. BTW, the second most vile thing would be for a company to try to portray themselves as being victims of this kind of activity, while the insiders sell into the climbing prices, and I'm also not yet convinced this isn't the case. I do believe that one of those situations is true, though. Can't wait to find out which one.