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

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To: Hawkmoon who wrote (21165)11/23/1997 10:18:00 PM
From: Hawkmoon  Read Replies (1) of 55532
 
And from Ken Ludwig, some very interesting observations... I wonder how they made that balloon payment for $200,000 last month???

Sold some stock??

Regards,

Ron
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To: +Ken Ludwig (240 )
From: +Ken Ludwig
Sunday, Aug 10 1997 3:26PM EST
Reply #241 of 13075

I found the financials,finally, on EDGAR. Now I have
some real questions: The company says it wholly owns
all its subsidiaries yet it also says it pays out
$196200 in yearly rent ($3750 permonth in Dominican
Republic, $6300 each per month for Nicaragua and
Florida=16350x12=196200) Who gets the lease
payments? Who owns the factories or are they different factories?
I also note that there is a balloon payment
on a note due in October 97 of a $200,000 note and
monthly payments of $5982 for 18 months on a $50,000
note at 18%.
There is/was an unrelated party claim
against the company for around$1.500,000 + interest
and lawyers fees. Does anyone know the status of
this? These are questions and not,I repeat NOT negative opinions. Please respond if
you have any information. Thanks Ken ludwig
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