To: (Bob) Zumbrunnen who wrote (38551 ) 1/27/1998 3:08:00 PM From: Pugs Respond to of 55532
>>>>>It makes perfect sense to me and no confusion remains<<<< Mork: "and then we set up this really cool web-site with the sole purpose of spreading misinformation, the I put-out a press-release saying that Ovis didn't exist and I set up my own corp. using the OVIS name. Then, if that wasn't enough, I put out another press release saying Ovis doesn't exist, but if they did, they were manipulating the price of their stock. Then I hired a couple of guys, Mawork 1 and ptm inc. to slam the stock on SI, oh and Purhty too, but he was just exercising his 1st amendment right ...." Bob: "makes sense to me" Mork: "Nice talking to you, I gotta run, I have a polo date with Zapara" Bob: "I thought you were suing him?" Mork:...."oh that!, well, why do you think DVBC is in Switzerland and my account is in Canada?" Bob: "I'm no longer confused" Pugs ___________________________ DVBC/Global ------------------------------------------------- Company's Margin Transactions In the normal course of business, Global sells securities not yet purchased (short sales) for its own account. The establishment of short positions exposes Global to off-balance sheet market risk in the event prices increase, as Global may be obligated to acquire the securities at prevailing market prices. Customers' Margin Transactions The activities of Company customers are transacted on either a cash or margin basis through the facilities of its clearing broker. In margin transactions, the clearing broker extends credit to the customers, subject to various regulatory and margin requirements, collateralized by cash and securities in the customer's account. In connection with these activities, the clearing broker executes and clears customer transactions involving the sale of securities not yet purchased ("short sales"). These transactions may expose the Company to significant of off- balance sheet risk in the event margin requirements are not sufficient to fully cover losses which the customers may incur. In the event the customers fail to satisfy their obligations to the clearing broker, the Company may be required to compensate the clearing broker for losses incurred on behalf of its customers. ---------------------------------------------------------------------- In other words Mork is not just an unfortunate victim of Zapara's desire for Mork to sell long for later delivery 100,000 OVIS shares. The SEC filing states that the company he worked with (Global) as a director of DVBC regularly SHORTED stock in the course of business. Is Mork really as pure and white as the driven snow as he attempts to convince people?