Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : DCI Telecommunications - DCTC Today -- Ignore unavailable to you. Want to Upgrade?

To: Toni Wheeler who wrote (9461)	10/20/1998 7:08:00 AM
From: Baldwin	Read Replies (1) \| Respond to of 19331

re: length of "Quiet Period" To my knowledge, when the QP was announced by DCI, there was no reference to the timeframe. I have seen some guess early on anywhere from 30 days to 6 months, based on their experiences with other companies. Lately, I've heard some mention 40 days, 45 days. Can anyone confirm that was ever a set timeframe?

To: Toni Wheeler who wrote (9461)	10/20/1998 10:21:00 AM
From: Colin Cody	Respond to of 19331

Toni, I'm paranoid that OLDE is doing the same as others are reported as doing...which they still COULD do as well! even tho when I asked, my broker assurred me they do NOT loan out shares -- right! Unless there is some huge multi-billion dollar scandal brewing, OLDE is not doing any such lending out of OTC-BB shares. . Actually when shares "are lent" they come from a clearinghouse where many brokerages may have their Street Name certificates. . So, what can assure us that this does not go on? Can we threaten/enlighten with the knowledge that they are not suppose to conduct business this way and to cease and desist? If you mean OLDE, they are doing nothing improper, and there is likely NO ONE you could ever reach there who would comprehend WHAT you are even talking about. The illegal shorting of OTC-BB stocks is a dirty little secret that 99.99% of the WALL STREET PROFESSIONALS don't even have an inkling about! . Illegal shorting CAN'T BE DONE! It says so right there in Title 17 of the Federal Regulations! (g) . Big wholesalers and retailers (like OLDE) don't play the game. Their traders would be FIRED if they tried. The shorting is done with professional, well-connected, street-savvy, well-financed speculators who blatantly violate the law, knowing that the spineless SEC bureaucrats will do nothing. 99% of SEC bureaucrats will tell you, "no one can do that! It is strictly prohibited, it just CAN'T be done!" . They usually work through smaller Market Makers, as I think have been mentioned here by name. . Colin