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

To: Angel D who wrote (44950)	4/5/1998 3:11:00 AM
From: Pugs	Respond to of 55532

\| Previous \| Next \| Respond \| To: Jaime J. Pulaski (3760 ) From: michael d kugler Friday, Apr 11 1997 7:03PM ET Reply # of 7544 Jaime, I have mostly lurked on this thread. I posted a response to the gentleman looking to borrow shares. He never E-Mailed me. I also invited him to explain his reason for wanting to borrow shares. He didn't. I think all of you are correct in trying to take your shares off the table. IMHO, the only reason someone would resort to coming on this thread to solicit shares is that the shares he has put up to cover a short are not going to be valid. Therefore he needs some other shares. Yet he seems confident about his nine month time frame. Most brokerages, especially Merrill Lynch, are unlikely to let an individual have a naked short position in a penny stock. They may give him some aditional time to round up the shares, but eventually may force him to cover if no shares can be found. They won't give him nine months, however. I believe he would have a matter of a few weeks grace at most. The possibility of a major short squeeze here appears real. But with the uncertainty of undisclosed assets etc, it could be a tough call. I'm content to wait a bit until the dust settles. But this is worth watching closely IHMO