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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: puzzlecraft who wrote (2094)10/6/1997 10:35:00 PM
From: Clayleas   of 55532
 
John,

<This means 2,500,000 shares instead of $5,000,000 (@$2.50). RMIL will be issuing the 2,500,000 shares to itself? I don't see how this creates $5,000,000, can you explain this to me?>

I had the same question and asked Roland Breton about it today. He told me that the shares were being issued to an outside investor who is providing the $5MM. I think Rocky Mt. has been working on getting this cash for a while and needed to be a publicly trading co. to make it work. That was one of their incentives for the merger. Please be aware that the shares are still 144 restricted and therefore do not threaten the squeeze.

You can call Roland yourself to verify.

Jim
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