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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: David R who wrote (27091)12/13/1997 4:27:00 PM
From: Pugs  Read Replies (2) of 55532
 
David,
A shareholder should be informed! Why wouldn't you call the co. an demand answers like any other shareholder.
The stock "going fractional" is , to me , a 'bullish' sign. Since you will notice the churning going on amongst the MM's, buying on the bid, etc.. They were doing mucho damage control as their inventory of RMIL dwindles. It allowed us to add to our positions and offset the weak who sold. This actually complicates their position in making the RMIL Market.
As far as the announcement, After speaking to the co., they were aware of the slamming RMIL takes on SI, but informed me that they don't put out releases based on the internet. The Asian market created difficulties for the investor. RMIL was sympathetic since the investor was contractually bound. IMO, the co. should've waited, but maybe it was shareholder pressure combined with the MM manipulation that was the catalyst for the release at that time.
Pugs
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