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

To: TLWatson59 who wrote (40148)	2/3/1998 7:49:00 PM
From: s martin	Respond to of 55532

>>Then too when you've gotten into bed with snakes you shouldn't be surprised if they bite you.<< Agreed, and when snakes help write the rules, you can expect they know how they plan to take advantage of them.

To: TLWatson59 who wrote (40148)	2/3/1998 8:43:00 PM
From: David R	Read Replies (1) \| Respond to of 55532

RE: It's unfortunate that the target of this illegal selling had to be a company with such a checkered past and history of questionable corporate business claims. Hmm. Let's see now. If I decided to naked short, I'd pick a strong and forthright company with good books, and solid management. It seems that the hard-core offshore naked shorting (which may or may not be illegal in the country from which the trade originated) is almost exclusively directed at companies with poor management, lack of financial accountability, questionable business claims, illegal insider trading, false and misleading revenue predictions, etc. Since a short's best possible outcome is a company going belly up, this is a reasonable strategy. It could be argued that even naked shorting is beneficial because it weeds out a lot of crooks and penny stock con artists. As RMIL appears to have mislead the public in regards to assets, revenue forecasts, and possibly even insider trading activities, they logically would be a good candidate for illegal shorts. So it is plausible that there is a naked sort position (perhaps even a large one). However, I do not believe that RMIL represents a legitimate business, nor do I believe that the $5M will ever arrive. I do not even expect trading to resume on RMIL. So, not likely that any shorts that do exist will get squeezed. Fundamentals do matter in a squeeze. And RMIL has none.