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


To: (Bob) Zumbrunnen who wrote (38551)1/27/1998 2:46:00 PM
From: Jack of All Trades  Read Replies (2) | Respond to of 55532
 
Bob,

Sounds like IMHO that Morgan and Brenton knew about the short sale and tipped off some internet investors as to a possible short interest, that coupled with what looks to be misleading press releases if some of the DD tonto and Mike K. digged. That creates substantial buying pressure, of coarse driving the price up. Now Mork is stuck with no certs to deliver. The cartel says they have X shares above the float, they can only confirm what has been delivered and not what is in street name. I think there are more short than Mork but not the 5-6M as proposed by the yeas.

Did Mork seemed concerned about the halt? Does he think RMIL will head to the Pink Sheets where he will be able to cover with little or no loss? Does he think Zapara shorted with someone else also?

JeffG



To: (Bob) Zumbrunnen who wrote (38551)1/27/1998 2:52:00 PM
From: Ditchdigger  Respond to of 55532
 
Thanks Bob,well worth the dime-reasonable answer also..DD



To: (Bob) Zumbrunnen who wrote (38551)1/27/1998 2:55:00 PM
From: Just My Opinion  Read Replies (1) | Respond to of 55532
 
Bob: Please don't say that it makes perfect sense to you.
That is about the craziest story, I've ever heard.
1. How long did it take to go from 20 cents to 2 dollars?
Mork had ample time to cover.
2. Ovis made misleading and false statements?
That is an opinion, not shared by some people.
However, lets say it's true.
How about the false and misleading statements that Mork made?
Do the people who lost money when they sold, get to sue Mork?
Is the short selling through Canada legal, or illegal.
I doubt if you have heard the WHOLE sordid story, remember people who are in trouble will maximise things to favor their side, and minimise things that do not.
al



To: (Bob) Zumbrunnen who wrote (38551)1/27/1998 2:56:00 PM
From: Riley G  Respond to of 55532
 
I thought that Mork told Kugler in his email Response that he did not short OVIS/RMIL through Canada?

What is the truth this week? Did he short in Canada or not?

One answer, Yes I did!
Another answer, No I did not!

Confused as to Mork's real truth! I guess when his records are seized by RMIL's attorney's then we will see his real story!
Riley G
RMIL shareholder and leader of the pack!
________________________________________
To: s martin (38538 )
From: Bob Zumbrunnen Tuesday, Jan 27 1998 2:35PM EST
Reply # of 38557

Dempsey Mork just called me back and I came away from the conversation much less confused than I was earlier.

A Canadian brokerage was used for the sale. That's why he can remain short (and he still is short, although he's deposited the funds to offset the $20k hit). "Short" really may not be the correct term. He is "Long for late delivery" and has been unable to deliver the shares. When Zapara found out he could sell the shares for $200k instead of $20k, it gave him a case of "amnesia" (Mork's word).

When I asked him why he isn't limiting his efforts to Zapara, he told me that when he agreed to do the trade for him, he knew he was at risk for perhaps a few thousand if Zapara didn't deliver, and that that was a reasonable expectation. Previous trading patterns indicated that if he had to cover out of his own pocket, he'd only be out a little bit of money, or even make a profit (20 cents was a new high at the time, if I remember correctly).

He went into it knowing that he was exposing himself to a risk of a little bit of money should Zapara reneg. He is going after the company, though, because they increased the amount of his risk substantially, and through false/misleading press releases. An example he cited was announcing the Palco deal 3 days after it'd been called off.

Nothing altruistic about it. The company and its promoters, in Mork's opinion, have illegally damaged him very substantially.

It makes perfect sense to me and no confusion remains. Sounds plausible enough, so I'll quit wondering/worrying about it.



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?



To: (Bob) Zumbrunnen who wrote (38551)1/27/1998 3:26:00 PM
From: s martin  Respond to of 55532
 
Thanks for your report, Zapara needs to do something about that "amnesia", I bet this lawsuit has restored his memory We don;t know how many shares Z had but it would be interesting to know how many he was able to sell during the hype. <G>



To: (Bob) Zumbrunnen who wrote (38551)1/27/1998 3:55:00 PM
From: FTJoe  Respond to of 55532
 
Fair enough. So if someone attempts a short squeeze, you think it's okay for those short to start a campaign of threats to sue all those involved in the squeeze and a real lawsuit against Riley G.? I know smartin does. ;-)

First this(if you called you were told this was being done to alert folks to the scam):

biz.yahoo.com

Next release was deleted, found it on SI:

Message 2269190

Then the real one, can't find that either. Riley has been served.