Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) Message Board

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

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To: KMT who wrote (27188)	12/14/1997 12:02:00 AM
From: TopCat	Read Replies (2) of 55532

KMT, I've been doing a bit of digging in the 8K outlining the merger agreement tonight. I'm beginning to think the problem with the delay in the infusion of the $5million equity is due to the stock price declining. The merger agreement says nothing of the number of shares to be issued for the $5million but the initial announcement of the agreement said "up to 2,500,000" shares......that's when the share price was above $2. Now the price is down around $1 which would imply that around 5,000,000 shares need to be issued. The potential investor must be looking at how dilutive this issue is becoming. The company is caught in a sort of catch 22 situation IMO. TC

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