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

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To: Pugs who wrote (32066)1/1/1998 2:56:00 PM
From: Riley G  Read Replies (1) of 55532
 
I quess by the amount of posts from the broker Mike Kugler on SI today, he has made a new years promise to some short sellers to really try and INDUCE selling of RMIL!

Riley G
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To: John Gault (31997 )
From: michael d kugler Thursday, Jan 1 1998 2:46PM EST
Reply # of 32083

<Mike, what is the book value of RMIL? >

My best guess:

If we use the unaudited 8-K, it would range from about $0.04 (without the 4 million share certificate worth $14 million), to maybe $1.47 with the $14 million. This assumes 9,755,831 shares outstanding.

Also bear in mind, the mythical $5 million is a loan. That would not do positive things for book value. And if more shares are issued, the number decreases as well.

The real answer is, without current financials, who knows?
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