SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?


To: tonto who wrote (51428)8/13/1998 4:43:00 PM
From: s martin  Respond to of 55532
 
Sounds like that would make a good follow-up article to Ms. Buckman's piece in the WSJ. I still haven't seen a copy of the article in Bloomberg, was RMIL mentioned ? Is it available on line yet?



To: tonto who wrote (51428)8/13/1998 4:46:00 PM
From: s martin  Read Replies (1) | Respond to of 55532
 
Riley doesn't seem to be responding to the bet he said he was willing to make. I thought it was a good challenge, however I'm not surprised to see he won't put his money where his mouth is.. he knows that we are not short this stock.



To: tonto who wrote (51428)8/13/1998 5:01:00 PM
From: bmart  Respond to of 55532
 
exchange2000.com
=== From the FBI (a Canadian newsletter):

Understanding Undeclared Short Selling and How It May Be Impacting Your
Stock

Does it sometimes seem that no matter what you do your stock has trouble
climbing in price? If this is the case, your stock may be facing
downward pressure as a result of undeclared short selling.

Short selling can be divided into two categories, declared and
undeclared. Undeclared short selling has damaged many dynamic growth
companies. Created by market professionals, the practice consists of
creating stock that doesn't exist. It isn't borrowed but created and it
creates enormous negative pressure on a stock price.

The mechanics of undeclared short selling are as follows:

Nonexistent stock is sold short. This nonexistent stock increases a
company's float. The nonexistent stock makes it difficult for investors
to profit from their risk capital speculations. The short sellers make
the profit. The practice hurts the public companies, themselves. It adds
massive costs to maintaining a market in a stock and it reduces a
company's business options.

The basis of declared short selling is borrowed stock. A short seller
provides 50% or more of the value of the stock to his or her broker.
This is done in a margin account. The margin protects the broker against
any increase in the share price. The broker borrows the stock from a
depository trust company. He then sells the stock and adds the money to
his client's margin account. Later, the client buys stock (covers) to
replace this borrowed stock. The difference between the price the client
sold the borrowed stock and the price the client paid to replace the
borrowed stock (covered) is the profit or loss from the transaction.

Most declared short players are institutional money managers and fringe
group market professionals, not small capital public investors who
seldom participate. Declared short positions risk being squeezed. If the
company can double its share price, the short seller will be forced to
increase his margin collateral in order to maintain the short position.
At such time, the short seller may elect to buy (cover) the stock
instead of adding to his margin. This adds to the upward movement of the
share price.

Undeclared short sellers don't borrow stock. They don't margin the sale
of their short position. Because they are market insiders they can use
various techniques to sell stock short that doesn't exist.

Is there money to be made by undeclared short sellers? Estimates are
that undeclared short sellers make multi- millions of dollars annually.

Complaints to regulatory agencies haven't stopped the practice of
undeclared short selling. However, one way companies can protect
themselves is to recommend to shareholders that they take physical
delivery of their stock certificates. When physical delivery of stock
certificates is demanded by a significant number of shareholders, the
creators of non-existent stock can be squeezed. The short sellers won't
have stock certificates to deliver and thus they will be forced to go
into the open market to buy the stock. This will cause losses for them
and will cause them to move their undeclared short activities elsewhere.

-------------------------------------------------------------------
Mr. tonto,
It would appear, to even the casual observer, that you seem to be here for more than just to "see how things end"?
I noticed the GIFS thread is now inhabited by individuals who appear to understand their posts can be used in court and carefully plant the thread with advantageous rhetoric.
To be precise, have you ever responded to these questions publically?;

To: tonto (3793 )
From: greg martz Saturday, Apr 12 1997 12:36PM ET
Reply # of 7749
Mr. Pauly,

If you would could you please clear up some issues before
we look at minor points like mispelling your name.

1)How many shares did you or do you own? Shouldn't have a problem
answering since in previous posts you had no problem telling people when
you picked up large block and the amount and price you paid.

2)Are you still invested in GIFS? Main reason is because it was stated
that you threatened a lawsuit on over $70,000 lost in the company.

3)Did you threaten a lawsuit? If so did you prepare that list of 9
points discrediting GIFS that you were going to use in the suit?

4)How did you know about the content of the documents stolen from
Mohamed? Was this just a coincidence? If not did you report to the
police who had told you this information so they could follow up on the
investigation of the original crime? I would assume this is something
you would want to do as an honest person and possibly an investor in
GIFS.

5)Also if you have no more interest in GIFS why would you come back on
after all these months and ask where the BDO office was located? They
certainly wouldn't give you any information that the main office would
give you.

Please respond back, I think these are much more important points
regarding the post from Gayle. Mispellings and possible misstatings of
you matching Jeff in buying up the float are not that critical to the
main issue at hand here. If you want to discuss things with people here
then you should be willing to answer these questions and be part of the
discussion. Don't just throw stuff out there at 3am in the morning when
most people are not logged on and say you guys discuss it
I'll throw more out later. I am submitting this now but be forwarned I
do not have time to check for mispellings.

Greg
----------------------------------------------------

I hope your responses can help us in understanding your motives here. Do you feel you are close to apprehending a felon involved with RMIL ? Do you feel that if you are lucky enough to reveal a felon at RMIL, do you feel that excuses the crimes of others? Are you hot on the trail of such a scoundrel?
Or, do you believe like myself, that GIFS and Zayed was a once in a lifetime gifthorse for terminal shorters?
Thanks in advance, I look forward to your responses.

Good Day

RB