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

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To: mtnres who wrote (7146)10/21/1997 11:36:00 PM
From: TopCat  Read Replies (2) of 55532
 
mtnres,

It seemed to me that your post of today's press release from MVPH was material to the discussion on this thread and I would have expected some response.

Last night I pushed for an answer regarding the $14 million and it took a long time before anyone would address it. Ellen finally did.

The fact is, according to GAAP (generally accepted accounting principles), that $14 million should have never showed on the 8K or, at the very least, should have been footnoted as being a number under contention. From what I can determine (even beyond the press release), it is doubtful that MVPH could ever come up with the $14 million regardless of agreements, court decisions or anything else. You can't get blood out of a turnip!

This is just one more example of these people being less than forthright in their press releases, financial statements, etc.

I understand that these fundamental issues do not have bearing on a short squeeze......but then, on that we also rely on the integrity of the people claiming that there is a short squeeze.....in many cases, the same people.

TC
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