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

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To: Pugs who wrote (26287)12/11/1997 8:44:00 PM
From: Hawkmoon  Read Replies (1) of 55532
 
Gary,

The big difference is that IOM had a track record in the data storage sector with their Ditto tape drives which were highly regarded as I recall, but being superseded by disk storage devices.

IE: They were an established company with revenue streams, financials... etc that led folks to believe they were a legitimate company. I will admit that I am not a IOM historian, although I followed the company just before Zips were brought to market. Then they followed up with an even better product, Jazz.

This is where a short squeeze can function with a degree of success. RMIL is still a long way from being in a position to fulfill that $30 million "backlog" of orders. I don't the first significant shipments, given a "rosy-scenario" on company operations, until next summer. But then there is that matter about receiving the $10 million in the first place, isn't there??

Spend less time out here and more time DEMANDING a full accounting of shares outstanding.. ie: a shareholders meeting as a first step.

Regards,

Ron
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