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

To: Just My Opinion who wrote (38509)	1/27/1998 9:40:00 AM
From: (Bob) Zumbrunnen	Read Replies (2) \| Respond to of 55532

How does a person sell someone else's shares through his account? The first person does not have legal ownership of those shares, so IMO he is selling them short. I would think by exactly the same mechanism that allows cert-holders to sell through brokerages that permit it (Schwab and AGE, for example) and deliver the certs within 3 days. They don't have to prove at the time of the sale that they have the certs; they just have to promise to deliver them.