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


To: TideGlider who wrote (37709)1/22/1998 8:49:00 PM
From: MY OPINION  Respond to of 55532
 
sounds good to me.

thanks
DADDY



To: TideGlider who wrote (37709)1/22/1998 9:02:00 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 55532
 
So no accounting if dropped to the pink sheets?

JeffG



To: TideGlider who wrote (37709)1/22/1998 9:36:00 PM
From: Yacht Trash  Read Replies (1) | Respond to of 55532
 
TG, ROFL, Your profile say's your hobbies and interests are "aiding the meek"?? Why then would you presume to post to Daddy Bigs...HAHA....Meek?? I find your posts curious. We are investors (a heady bunch, I must admit) believing in a BB company that IMHO, will find it's legs. If not, then I will be the last person to bow and scape to a bunch of crusty old scam losers who profess to save anyone from anything. The Pope is in Havana, perhaps you could send him a note not to recommend RMIL to his flock :-) HAHA.....Like many of my cyberfriends here, I did my do dillies along time ago, I'm waiting for the financials, ect. as we all are. Best to you!!

PS.....Lurkers, If my comments scare you then you have approached the OTC-BB arena without doing enough research......Do your own homework and evaluate your risk tolerance......Garry...... §¨§



To: TideGlider who wrote (37709)1/22/1998 9:41:00 PM
From: Pugs  Read Replies (2) | Respond to of 55532
 
I'm sure you're aware I meant 'naked' shorts.
SOLIDARITY
Pugs



To: TideGlider who wrote (37709)1/23/1998 12:06:00 AM
From: Mr. Dendro  Read Replies (2) | Respond to of 55532
 
Can anyone explain the mechanics of a short squeeze to me? I seem to be missing something.

Let's assume Pugs is correct when he says that there are five or six million naked shorts. The most optimistic estimates of the ceritificates called for by the cartel appear to indicate that they have called for one or two hundred thousand more shares than are in the asserted float. If the squeeze commences upon the resumption of trading, won't it last only so long as necessary to obtain those one or two hundred thousand shares? Once those are covered, what would require the remaining several million shares to be covered? Am I missing something?

If I'm correct in assuming that the shorts only need to cover the shares called for, then the chances for a successful squeeze diminish rapidly. There are supposedly 2.5 million or so shares held by the cartel. If the shorts only need to cover two hundred thousand shares, it means that the squeeze will be over before one tenth of the cartel shares are sold off. A lot of people will be left holding the bag.