To: Angel D who wrote (42334 ) 2/22/1998 9:53:00 PM From: Riley G Read Replies (1) | Respond to of 55532
Date: Sun, 22 Feb 1998 21:44:32 -0500 To: mailto:news@boulderplanet.com, mailto:bsimpson@newhope.com Subject: Riley G's comments about penny stocks article! I have never hyped, or pump & dumped stocks and I am not amused at the comment that you referred to in your Feb 17th, 1998 edition. I have no known following in any investment forum. What I do have is a private email list of RMIL shareholders that I have located through the internet, and that have banded together as individual investors to FIGHT the blatant corruption in the OTC market! We shareholders are calling in all of our RMIL shares in certificate form for the following reasons. Complaints to regulatory agencies haven't stopped the practice of undeclared short selling. However, one way companies can protect themselves is to recommend to shareholders that they take physical delivery of their stock certificates. When physical delivery of stock certificates is demanded by a significant number of shareholders, the creators of nonexistent stock can be squeezed. The short sellers won't have stock certificates to deliver and thus they will cause losses for them and will cause them to move their undeclared short activities elsewhere. The present special situation in the OTC market may have to do with the above comments and has nothing to do with Type 1 or Type 2 (cash/margin) accounts. We are not talking about legal shorting we are talking about blatant selling on nonexistent shares to flood the market. Thus keeping the price of a stock down and to terminal short it at the same time. If a terminal short is made (stock value = $0) then the shorts or market makers never have to worry about coving their shorts or extra shares that they flooded the market with. This is why every shareholder must demand delivery of their certificates! Riley Gpsicop.com PS. After an 30 minute interview, this is the best your reporter could come up with? ____________________________________________________________________________ The hype The Travis chat group had already started buzzing from the first press release on Friday. "I told people on my private lists about this one some two or three weeks ago. Time and patience!" wrote "Riley G," a former New York street cop turned self-proclaimed psychic-detective and penny stock investor. "Riley G" has attracted a small following of online, penny stock investors, according to sources and postings on the chat room.