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

To: Riley G who wrote (45209)	4/8/1998 10:51:00 PM
From: s martin	Read Replies (1) \| Respond to of 55532

>>One force is more powerful than naked short sellers, the spirit of the shareholders united. << If that was true the squeeze would not have passed it's 1 year mark.

To: Riley G who wrote (45209)	4/8/1998 11:32:00 PM
From: Shu-li Chao	Respond to of 55532

Here's the letter I wrote to SEC and their response... <<<Dear Sir or Madam, The following is from an article that I read over the internet. If you could, please tell me the accuracy of the statement. If in fact this article is untrue, please tell me what regulators(the SEC and NASD) are doing to protect investors about this situation. So, What Do I Do Now?? (Complaints to regulatory agencies) Though it sounds good in theory, complaints to the so called "experts" who regulate our financial markets have proven to be completely useless. The problem is simple: Lack of knowledge on the part of the regulator. You would be hard pressed to find anyone versed on undeclared shorting with the SEC itself let alone the NASD (who oversees NASDAQ and the Bulletin board) who are "association police" with no real legal power and virtually no transactional knowledge. A complaint to the NASD would probably result in them attacking the public company and the legitimate brokers who bought the shares for their client -- they would attack the victim rather than the culprit.>>> And the response... <<<The article is nonsense. Just read the daily press. You will see reports of a great many enforcement actions taken by the SEC, NASD and other regulators. Many actions involve very technical financial subjects. If you have information to provide on possible violations, send it our way. Al Lapins>>> Riley, What have you sent to the SEC and what was their response? Thank You, Shu-li Chao