Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) Message Board

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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)

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To: tonto who wrote (55138)	6/14/2000 1:47:00 PM
From: tonto	Read Replies (1) of 55532

On April 21, 1997 a stock was trading for $3 a share. A company came to agreement with the father of the CEO to clear off a $6000 loan with 600,000 shares of "restricted" shares. (That equates to .01 per share) Will this withstand scrutiny as a fair transaction between close parties? i. On April 21, 1997, the Company issued 600,000 "restricted" shares of common stock to Gary Sylver in payment of a debt owed by the Company to Gary Sylver. The amount of the debt was $6,000.00 as a result of a loan by Gary Sylver to the Company.

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