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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: PUHRTY who wrote (6058)10/17/1997 1:13:00 PM
From: Riley G   of 55532
 
For the record:
I just emailed SI about this slander of RMIL and also emailed the company and AOL about your activities.
Riley G
-

To: Joe Master (6016 )
From: PUHRTY Friday, Oct 17 1997 12:51PM EST
Reply #6058 of 6062

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

WHAT HAPPENED TO "ALCO" IS A REAL TRAGEDY. THE PROMOTERS AND THE INSIDERS OF THE COMPANY ISSUED A LOT OF NEW SHARES AND ILLEGAL S-8 SHARES TO THEMSELVES AND MAKE SECRET DEALS WITH THE SHORTS AND THEN LET THE STOCK PRICE COLLAPSE. ALL OF THE INVESTOR'S MONEY WAS LOST. THE PROMOTERS AND INSIDERS DISAPPEARED AFTER A CLASS ACTION LAW SUIT WAS DECIDED IN FAVOR OF THE INVESTORS. THE AWARD WAS $160,000,000 AND NO MONEY WAS EVER RECOVERED.

THIS STORY OF OVIS IS VERY MUCH LIKE ALCO, EXCEPT ALCO WAS DONE ON MUCH LARGER SCALE. I LOST OVER $200,000. I HATE LOSING MONEY, PARTICULARLY WHEN I CAN SEE IT COMING.
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