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

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To: Ditchdigger who wrote (21356)11/24/1997 6:17:00 PM
From: PC11  Read Replies (1) of 55532
 
Pugs:

The $5 million is cash was not a gift. You must factor in the shares into this equation (whether restricted or not).

Then we'd have:

Assets
Cash-- $10 million

Liabilities
Debt-- $5 million

Equity
Paid-in-capital-- $5 million
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