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


To: TopCat who wrote (47428)5/27/1998 1:04:00 AM
From: Angel D  Read Replies (1) | Respond to of 55532
 
TC,

Yes, I do think Pugs' reason holds water. Although, obviously, I am no expert at the ins and outs of the market, the thought that if margin calls have to be made at the last traded price, then it would be to the advantage of the shorts to show the last traded price quite low. Reasonable?

Regards,

Ad



To: TopCat who wrote (47428)5/27/1998 1:18:00 AM
From: Just My Opinion  Read Replies (1) | Respond to of 55532
 
TC: I had to reread Pugs response.
I can't say if Pugs is correct, I don't know.
If his information/premise is correct, then it does make some sense.
It does make more sense to me that a MM (or all of them, they may be trading it amongst themselves to have one uniform price) is doing it, IMO.
Lets say a shareholder wanted to sell for the 18 dollars.
I believe that the shareholder would at least ask the board, or if not a member, via an email to someone would you match the price?
These people have been through too much together, IMO, for them not to do that.
I could be wrong, but it seems as that would happen.
So I have to go back to the MM scenario, but for what reason?
There must be some reason, and it may very well be something that no one has thought of, or it may be that Pugs is right on the money.
It is an interesting situation, though.