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

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To: FTJoe who wrote (18456)11/15/1997 12:56:00 PM
From: michael d kugler  Read Replies (2) of 55532
 
Joe,

If all the shares from the boat transactions, CEA and Carribbean Cruises are counted, it's 33,333. I can't tell you whether or not there is still pending litigation on this. I'll take the typo hit for 10,000.

All the shares I put up there are possible candidates for why it looks like there are more shares than have been counted. Are they all out there? I don't know. But if you add up all the postential shares either out there or coming on stream, it goes a long way twoard understanding what we are seeing in the market.

The change in the 144 laws in May means that the maximum holding period is two years. That means that by the end of this month, all of the aquisition shares are off restriction, but may have been in May.

Inasmuch as some of these are offshore transactions, it seems as though these guys find ways to sell the stock short. Is is legal? who knows. But the short numbers could be coming from these transactions and they would be covered by shares which have to be issued right in here unless the company pays cash.

Just possibilities........but undiscussed ones.
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