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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: Pugs who wrote (7241)10/22/1997 2:06:00 AM
From: Riley G  Read Replies (2) of 55532
 
Date: Tue, 21 Oct 1997 23:49:52 -0400 (EDT)
To: nhcom1o@empire.net
Subject: 14 million

Even on GAAP standards, RMCW still have to put the value of 14million on
their books, because this is what is owed. No matter what the price of MVPH
is, the value is still 14million. They still have to pay this back to RMCW,
whether the stock price of MVPH is .25 or less.

If you borrow money from a bank for $10,000, you dont pay them back with only
$1000.00 just because your stock price went down. It is not recognized that
way.

Bottom line is, MVPH still has to pay RMCW 14million and this is recognized
on their ASSET side which is ACCOUNTS RECEIVABLE. It is a receivable based on
a formal agreement between the two companies. And there is no way in court
that MVPH will get away with it.

AGAIN, it is on their Accounts receivable side which is an ASSET to the
company.
I verified this myself.
I hope this clears the issue.
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