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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: Typhoon who wrote (21906)11/26/1997 10:11:00 PM
From: Hawkmoon  Read Replies (3) of 55532
 
Oh you poor maligned victim, you... :0(

Some of the unsubstantiated claims of this company have, to be frank, scared "ME" away, plus the 35,000 postings on this company by the Yeas AND the Nays. I love the idea of a good short squeeze just like any other guy. In fact, I've DREAMED about being involved in one someday.
But it won't be RMIL until they have "shown me the money".

Nooo.. Noooo... wait a minute...

what really frightens me is whether this managment might decide to do another "special" equity (read Reg S) offering without telling its shareholders the whole truth. They've done it before to the tune of 13 million shares and no one has yet mentioned out here whether RMIL has disclosed what happened to all of the money they raised in that offering. Has anyone asked or pushed this management team to disclose this information?

I might be willing to risk money on a play like this, except when I have blatant examples of utter disregard for shareholder value that has been demonstrated by present managment in the recent past. That my friends is historical evidence and plain fact, not supposition. And if the threat of future shenanigans from a management team with no credibility doesn't scare the bejeezus out of you, then nothing will.

That is why this company needs its financials out there and full disclosure on the veracity of this $10 million financing deal. With it you have the short squeeze. Without it, you have a halted stock under SEC investigation for misleading shareholders.

Plain and simple.

Regards,

Ron
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