siliconinvestor.com
To: michael d kugler (12684 )
From: Riley G Tuesday, Oct 28 1997 10:01PM EST
Reply #12692 of 12693
Dear Naysayer, please read the following snips from the past 8-K from the
OVIS/RMCW merger. Once again the spewing of garbage comes forth from thou
keyboards via your naysayer self.
So even if the 14 million dollars in investiments is resended in a court of
law or agreed to between those concerned, the merger IS NOT null and VOID.
It only means that the remaining 6 million Rule 144 Legend shares will not
be issued to RMCW in one year. This fact lifted from the 8K knocks your
humble opinion on its backside.
Now lets see if RMIL gets the minimum of 5 Million dollars infused into the
company. I think they will. What do you think (or claim to know.)?
Riley G
Long Arm Of The LAW
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1.2 Delivery of Certificates. The exchange of shares shall be effected at
close of escrow by the delivery to Olympus, of the certificates
representing the Stockholders' shares endorsed in blank or accompanied by
stock powers executed in blank, with all signatures witnessed or guaranteed
to the satisfaction of
Olympus; and by the delivery to Stockholders of the certificates
representing the Olympus Shares issued on a pro rata basis to the
Stockholders. With the exception that, pursuant to Section 3.6 hereof, an
additional 6,000,000 Shares will be issued 12 month from the date of this
contract subject to no undisclosed claims, debts or similar causes of
action that may be asserted against RMIL and arising from PRTI's
acquisition or ownership of MVP Holdings, Inc. a Nevada corporation ("MVP").
------
3.6 Indemnification for Undisclosed Liabilities. The Stockholders agree to
indemnify RMIL and hold harmless RMIL from any judgments or undisclosed
liabilities arising from acquisition or ownership of MVP; and further that
in the event any claim is asserted against RMIL arising from or in
connection with the acquisition or ownership of MVP, the Stockholders agree
to subrogate RMIL in the Agreement for Purchase and Sale of Assets between
MVP and PRTI dated March 10, 1997, both of which are incorporated herein by
this reference and attached hereto as Exhibits D and E, respectively.
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To: s martin (12680 )
From: michael d kugler Tuesday, Oct 28 1997 9:29PM EST
Reply #12684 of 12691
I've got so many OVIS bookmarks, they all look the same to me. If the
merger is conditioned on the 14 million, it's over IMHO.
Inasmuch as it would appear the 5 million is desperately needed by both
parties, one could easily call this a merger of equals.<ggg> |
