Jim,
> being issued to an outside investor who is providing the $5MM
OK, that makes sense. This act, if fully executed will take the total shares to 12,255,831 shares fully diluted, a massive increase over the fully diluted figure the Cartel was working with before, although all the new shares are, as you say, 144 restricted, the unrestricted number is unchanged. The squeeze is still on, but now has the 144 time limit.
Also of note, the OVIS/RMIL PR said "The RMIL asset base is in excess of Twenty Million Dollars ($21,010,431) with the addition of the Five Million Dollars ($5,000,000)... Olympus Mills USA Inc. a wholly owned subsidiary of RMIL will now have the financial backing to continue its planned growth in the physical fitness market." This is present tense ("is") in reference to the asset base figure, but earlier in the PR OVIS/RMIL said "OVIS ... will issue up to 2,500,000 shares". It is not clear if this $5,000,000 deal has been executed yet. Does this mean that the $5,000,000 is also an "up to" figure? I wonder how much of this planned expansion is dependent on the $5,000,000 part of the combined $21,010,431? Will have to wait for new filings to find out.
Regards,
John |
