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Microcap & Penny Stocks : Olympus Ventures (OVIS) - The Naysayers

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To: Skeeter Bug who wrote (202)10/18/1997 12:59:00 PM
From: ptm, inc   of 336
 
Amazing that prior to ovis issuing 1.8-2M shares for "compensation & stock promotion" the company was owned 100% by hard working shareholders. Now the innocent shareholders own 33% or less.

TRUTH
On July 25, 1997 ovis signed LOI to aquire PALCO, Inc., a south Florida clothing manufacturer. According to Patrick Lanzillo, PALCO President, on August 17, 1997 he informed morgan/breton that the "deal" was off. Two days AFTER (August 19, 1997), morgan/breton made public announcement of the LOI to aquire PALCO.
What did this cause 2,000,000 "compensation" shares to be worth??
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