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

To: joseph krinsky who wrote (44993)	4/5/1998 6:21:00 PM
From: Pugs	Read Replies (1) \| Respond to of 55532

Remember,at first, a squeeze was being suggested; >>>>>> \| 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<<<<<<<<< Remeber, Tonto claims to have 70K long in GIFS... Then!....something happened, Mike changed his mind; >>>>>> \| Previous \| Next \| Respond \| To: Carl Pergler (4286 ) From: michael d kugler Friday, Apr 18 1997 1:08AM ET Reply # of 7544 Carl, I have been reading the posts and it appears as though something smells very badly here. I would not own a stock in a company who is acting as their own transfer agent. I am surprised to hear about somebody purchasing stock from a transfer agent. I do not think that is possible. Transfer agents are not broker dealers, they are paper handlers. There seems to be a lack of any company response to many concerns, including the dividend. As to the lawsuit, it could be frivolous, but I'll check it out. It is interesting to hear about potential criminal records for management. Inasmuch as it is not verified, I won't comment. A call to the SEC might give us some insight here. Instead of posting, I would suggest all posters beat the bushes on the internet for information. It's a great tool for everybody. Certainly there are some great techno-geeks among the cybergeckos here. If your gut says sell...sell. If it says stay....verify. This is not the time to be sitting idly by, simply reading the wildly conflicting stories on this thread.<<<<< A co. that warranted a 70K long position, is now looking suspect! >>>>> \| Previous \| Next \| Respond \| To: Carl Pergler (4194 ) From: Mark Rutheiser Thursday, Apr 17 1997 2:32PM ET Reply # of 7544 They claimed that the transfer agent was making life too easy for the shorters. Also, this reminds me of another stock that I own, RICA. Last year a whole bunch of stuff came out from some parties that the CEO was a convicted felon and that the company was a scam. The stock took a little dive and then recovered to new highs as the Company showed the allegations to be false. I sure hope that GIFS is in the same boat. I await their response.<<<< if the allegations are false, as in RMIL, the illegal shorters can get into some trouble, huh? >>>>>>> \| Previous \| Next \| Respond \| To: Jeff Silverman (4295 ) From: Steve Brandt Friday, Apr 18 1997 2:03AM ET Reply # of 7544 OK so does that mean they never have to cover the shorts since they were not real shares that were sold to begin with? To bad they could drive the price down selling them but now they don't have to drive the price up by buying them? Oh well such is life sometimes. Are the people that did the illigal shorting going to be let off the hook now. I'll bet they're relieved if thats the case<<<<< >>>>>>> \| Previous \| Next \| Respond \| To: GJC (3417 ) From: greg martz Friday, Apr 4 1997 4:42PM ET Reply # of 7544 Originally the short information came from Jeff, I am not sure how he got it but he has been investing in stocks for a long time and has a lot of connections and I fully trust his insight. I then expanded on it with Mike R. to find out what there take on this was, he stated that what they had learned from what they believe are pretty reliable sources that the short does exist. The people who shorted these 1mil+ shares believed that they were going to sneak them by Genesis and get them registered. They have tried to pass them through a number of times. They have not excepted Genesis offer to go before a judge so within the next 10 days Genesis is going to force the issue. I don't know if that means that they will go before a judge in 10 days or they will be served papers in some fasion. As for the squeeze, my believe is if everybody called in their shares we might be able to make it happen to a certain extent but realistically I don't think that everybody who responed to Jeff will request their certs. The real squeeze will happen when the news starts coming out and new investors come in. All the shares that have been called in will be off the computers so there will be less shares out there to hide such a large short in, it is then that somebody is going to have start covering these shares. I have been told that the magic number is a little less than 2 and if when the stocks goes up it breaks past that and holds for a couple of days they will start covering. So we will soon see. I have been noticing some attempts as of late on different boards to bash Genesis. Why all of sudden within a few weeks of big news? Why all of sudden people like JPatrick coming out to offer .25 a share? If this stock was really going nowhere why would anybody care a bring this stuff up unless specifically asked. Look at stock-line out of the blue someone has been posting negative things on Genesis no one asked their thoughts. I believe this is one last feeble attempt to keep investors away from the stock. The shorts no they are going to lose otherwise they would have went to court a long time ago and got their shares okayed instead of complaining on the this thread. Just my opinions you think about it and decide for yourself<<<< Pugs