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

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To: Emec who wrote (31345)12/29/1997 4:02:00 PM
From: Pugs  Read Replies (1) of 55532
 
>>>>>>Subject: MFN Mercury Finance
| Previous | Next | Respond |
To: J.H. (809 )
From: David Furstenberg Friday, Dec 19 1997 2:09PM EST
Reply # of 828
If the company was going out of business, they would just close all of
their branches. What they have done is typical in a restructure. Shed
the bad and keep the good. I think the value of the loans is somewhat up
in the air and depends on what percentage are really bad. In my opinion,
it is pointless to sell at the current price.<<<<<
______________________________________________
David,
MFN, from what I hear is making money hand over fist. I hear their credit was extended but they haven't touched a cent. I think (IMO) , they are possible aquisition...the problem is the possible lawsuits resulting from them doctoring the books and the halt in trading. I bought @ $1 3/8 (I think?)...and sols @ $2 1/8....I think its' a good, but risky investment at the moment and I hope the best for you.
RMIL is trying to liberate itself from past managements, etc. Morgan & Breton (IMO) are doing a great job. I hope you apply the same
respect towards this co. coming back from a less than forgettable past.
Pugs
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