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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: Pugs who wrote (26253)12/11/1997 6:12:00 PM
From: David R  Read Replies (1) of 55532
 
We shall see Pugs. The "$30,000,000.00 in backorders" is a bit misleading. When my company has $30,000,000 in backorders, it is because we have more business than we can keep up with, hence we back order product. RMIL does not appear to be shipping much product, hence the "back order" is really just hopeful business at some pooint in the future. And again, this is all based on phone conversations. The real meat in company financials and revenue opportunities comes from independent auditing. Remember Z-Best? It is easy for a company to hype their revenue potential. But hype will only carry them so far. RMIL is beyond hype. Without verifiable product movement and revenue streams this company has no fundamantals upon which to base share price. Hence, they are just one piece of bad news away from a dead issue. Any idea of when we might see RMIL water in the stores?

BTW: I almost put in a sell order today, but I had to remind myself that I bought RMIL as "nay insurance". In otherwords, I don't think that the squeeze will play out, but in the case I am wrong, I have enough RMIL to make a few. In the more likely case (as far as I am comcerned) that I am correct I might get .20 - .30 on the dollar if I am lucky.
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