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


To: FTJoe who wrote (38499)1/27/1998 9:13:00 AM
From: Ditchdigger  Respond to of 55532
 
I don't know FT,I can't tell if the transaction was out of Canada or not. It would seem to me(and al will probably piss all over me for saying it),that if he sold shares that he didn't have in his account-basically on margin,his account was short those shares. But if his broker allowed him to do this,considering Zappara would transfer the shares from the account he also had with the same broker,as agreed upon,according to Mork..who knows?(Maybe the broker was a polo buddy also<g>)..DD



To: FTJoe who wrote (38499)1/27/1998 9:14:00 AM
From: BusterB12  Respond to of 55532
 
One of Mork's companies does have ties to a Canadian brokerage firm . Can't remember which one .Have to hunt. Anyone know offhand ???
I believe it was thru DVBC , but could have been AG Holdings .



To: FTJoe who wrote (38499)1/27/1998 9:16:00 AM
From: Pugs  Read Replies (2) | Respond to of 55532
 
Joe,
Read ALL of Morks answers....he answers w/o answering directly, he must have experience with such things.
Funny how he admits to everything, web-sites w/ misinformation, setting up a corp. using OVIS's name, hiring guys to post, or, as Kugler says, allowing them to excercise their amendmental right to free speech <HA!>, being short.....all for 98,500 shares!!!, he didn't mention the fradulent press releases tho', Daddy's head must've been dizzy from all he had to work with <lol>. Do you the Nays voice their disgust? Do you even hear a negative critique? Funny Nays.....
SOLIDARITY
Pugs



To: FTJoe who wrote (38499)1/27/1998 9:27:00 AM
From: (Bob) Zumbrunnen  Read Replies (2) | Respond to of 55532
 
This is precisely where I get confused on this issue.

Isn't it true that it would be illegal for Mork to have shorted the stock through Canada? Had he done so, wouldn't that have already been brought to light?

Sure, a US brokerage would "require" settlement within 3 days, but what is the penalty for not doing so?

Since the brokerage account was opened specifically for the purpose of selling these shares, it would be a relatively safe assumption there were no other securities or funds in it.

Wouldn't the brokerage have called Mork after the 3rd day, possibly granted one or two 1-2 day extensions, then used the $20k to buy as many shares as possible in the market, then taken whatever action (SEC complaint, litigation, etc) to get the remaining shares?

I guess the part I'm still confused about is how he was able to remain short this long.