Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) Message Board

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

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To: John Gault who wrote (19098)	11/17/1997 8:22:00 PM
From: HRAKA	Read Replies (4) of 55532

All: Talked with Morgan on the phone today. Here is a summary of our conversation. (I am not claiming this to be fact but it is what I've been told by management) Q1) When will RMIL be issuing a release on the finance deal? A1) We hope to issue a press release this week. We are waiting until the final papers are signed. Q2) When will the 10k be released? A2) 3 weeks from the completion of the merger (finance deal). RMIL wants the info for RMCW reflected in the 10k and this is the reason for the delay. Q3) Recently the number of outstanding shares increased from 3.1 million to 3.4 million. Why? A3) The new shares were released to pay off an option. They are restricted. (I believe he said for two years). Q4) According to past SEC filings, RMIL is obligated to pay cash or issue more shares to fulfill contract requirements with Nelson International. How is or has RMIL settled this commitment? A4) RMIL is renegotiating this deal. RMIL wants all their facilities in one building and is working towards that end. Q5) According to past SEC filings, RMIL is obligated to pay cash or issue more shares to fulfill contract requirements with H&D Fashoins. How does RMIL intend to fulfill this commitment? A5) RMIL intends to issue more shares to fulfill this commitment. The shares will be restricted for 2 years. Q6) Have all the 2,000,000 S-8 shares been issued? A6) All the S-8 shares have been issued. Q7) How many shares of the current outsatnding 3.4 million are restricted? A7) Roland is working on collecting all data concerning the number of shares in the public float. We will give these numbers out as soon as we know. Q8) When the negotiations with Nelson are done will RMIL issue a press release concerning the agreement? A8) First, RMIL will submit an 8-k and then likely have a release. Mr. Morgan also added RMIL was served papers last week regarding the lawsuit by Mork. RMIL's lawyers have said that all charges will likely be thrown out in the first hearing. He informed me that because of this litigation that the officers of RMIL must be very careful that they do everything correct. He also said that RMIL has no problems with the SEC. These are my interpretations of our conversation. I was in a hurry due to prior engagements and might have misinterpreted something. This is also why I did not get better details. I personally am looking forward to the float information. Someone be sure and call tomorrow and check about it. Don't let it slide. Sincerely, #108 Hraka

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