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 : Olympus Ventures (BB: OVIS) ---Short Squeeze is on!

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jaxax who wrote (478)9/10/1997 11:28:00 PM
From: Riley G   of 492
 
>Whats the cert request count up to? How many have received them?

That number is CLASSIFIED by me. Let me say that it between 1.6 million and 2.5 million shares. Also take into account that there were shares in certificate form (NAME vs. STREET) before we called ours, and that number is unknown to me. Also take into account that members of the company may have shares in certificate form also and that number is not available to me either!

A few full service brokers have received theirs and sent them to their clients, some discount broker clients should be getting their certificates Friday. These are from the Aug 22-26 filings for cert calls. Those filing after that and those with amended certificate calls will be getting their certificates in a week or so. There should also be a list of shareholders that will have requests in, but no certificates to issue because the legal Outstanding Shares will be all in certificate form. When that magic number happens then the MM's will be forced to BUY back shares that are registered in CERTIFICATE form to registered shareholders.

The MM's will not be able to trade shares between themselves to cover as only those cert's in NAME form will be allowed to cover the short. Since 100% of the shares will be registered that way, and remember that the long line of other certificate requests that have to be bought to cover the shorted position. That's why the stock price will SKYROCKET as we will not be selling our shares until our individual shareholder value is reached.
--

Here's how I plan to sell my shares through a slow steady upward process. Others may want to model a slow steady sell after this. I have no control of how you do it. As in all investments, this is only a template!

Stock Price Sell percentage
xxx-xxx 3% to 5% of position (cover buy in and nice profit)
xxx-xxx another 5%
xxx-xxx 10%
xxx-xxx 10%
xxx-xxx 10%
xxx-xxx 10%
xxx-xxx 10%
xxx-xxx 10%
xxx-xxx 10%
xxx-xxx 10%
xxx-xxx 10%
================================================

It is a simple matter to replace the xxx-xxx's with the starting price ranges that you want to start selling off shares. This method does not flood the market with shares and allows the stock price to grow as you sell a little here and there. You don't have to sell them in a day, two, or a month. You just follow your own set selling plan.

I have said that I am not selling any shares until the mid. $20 to $40 range, and then about 865 shares of my position! I do not sell on even numbers, I have plans on selling at odd places like EXAMPLE....200 shares at 26.625, 300 shares at 28.125,etc.....
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext