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

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To: Fire Watch who wrote (13333)11/5/1997 9:47:00 AM
From: Candle stick  Read Replies (2) of 55532
 
The merits of the company are meaningless and are irrelevant at this point. If the float has been covered by shareholders calling in all the certificates , then they control the company. If that is so, then they can force the shorts to cover. Problem is , they can only cover if the certificate holders are willing to sell....sooooooooo.....they must continue to raise the bid, day after day until the certificate holders sell. Thats it. the shorts have stepped in a load of cow manure with RMIL and they are going to have to pay up this time.

As you are well aware, mosr stocks trade above or below "fair value", and that term is extremely subjective. As you also know, many stocks trade at ridiculous extremes due to many other various reasons. Short squeezes are one of those reasons. I see no reason why RMIL could not trade to 50 dollars or higher, if the shareholders hang on to their certificates. You are now at their mercy, and from what I can gather they have little to no mercy for short sellers. It's pointless to discuss merits of the company. It is no longer a factor in share price. Best of luck to you, you will need it.........;^)
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