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Microcap & Penny Stocks : AREE - Formerly TVSI -- Ignore unavailable to you. Want to Upgrade?


To: Pugs who wrote (3431)6/9/1998 6:27:00 PM
From: Mr. Dendro  Read Replies (2) | Respond to of 6528
 
Pugs: You appear to be knowledgeable in whether certain actions constitute a crime, given your frequent declaration of Mork and MMs as "criminals." Can you tell me if it would have been a crime for Raabe (or any other shareowner) to ask Pacific International to sell 2.5 million shares on his behalf at the peak of the TVSI frenzy if he personally owned those shares and promised to deliver them to Pacific International at a later date? Would that be shorting, since he owned the shares? I'm not suggesting that happened, but am just curious as to whether that would constitute shorting.

To all: can anybody point me to the statute or regulation that prevents private parties from shorting stocks under three dollars? I often see that rule cited on SI but would like to know its source. Thanks.