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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: michael d kugler who wrote (7509)10/22/1997 6:37:00 PM
From: PUHRTY  Read Replies (3) of 55532
 
MIKE: SEC HALTS TRADING IN RMIL

This is what will happen in a few days.

Rule 15c2-11 promulgated under the Securities Exchange Act of 1934, as
amended, provides that before making quotations in a company's
securities, a registered broker dealer must have in its files the
registration information about the Issuer. If the Issuer is
non-reporting the Rule provides a list of financial and other
information. What a broker must have (this list has been incorporated
in the NASD's Form 211.) If the Issuer is reporting required to file
10-Ks, 10-Qs and 8-Ks the broker must have in its files the Issuer's
current filings. Under the Rule if the broker dealer does not have
these reports in its file it cannot legally make quotations. If the
Issuer has not made the requisite filings, no broker can make a market
and the security cannot legally be traded. Brokers who continue to
trade such a security are subject to discipline and fine by the NASD. If the NASD halts trading in a security, and more than 30 days go by
without the recommencement of trading, a new application to quote the
Issuer's securities must be made with the NASD. The approval of this
application can take weeks or months and approval is at the discretion
of the NASD. The NASD will not approve trading unless all filings of
10-Ks and 10-Qs are up to date and comply with the SEC regulations.

And of course, we all know that there is no current 10K, particularly with a "CERTIFIED" audit.

So all you cartel members, hold on to your securities. You might want to use for wallpaper.

In case the cartel can't figure it out, the only shares that are being sold now belong to GUESS WHO!!
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