SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Riley G who wrote (33879)1/6/1998 7:02:00 PM
From: michael d kugler  Read Replies (1) of 55532
 
Riley,

Here's another unanswered question which might affect your "squeeze".

From the 8-K dated September 24,1997:

< 3.16 Commitment to Honor Prior Obligations of Olympus. RMCW and the Stockholders agree to ratify, honor and be bound by the prior obligations of Olympus to its current officers and directors: Gary Morgan and/or assigns, Roland Breton and/or assigns, and Joel Marcus; specifically Olympus' obligations to issue said persons options to acquire an identical number of Rule 144
"restricted" shares of common stock as follows: 100,000 to Joel Marcus; and 2,000,000 each to Gary Morgan and Roland Breton. The options to be issued at par value to Messrs. Morgan and Breton are nondilutive and adjustable in proportion to the effect of any capital reorganization of the issuer which reduces the number of issued and outstanding shares of common stock, but in no event shall the number of such options to be issued to Messrs. Morgan and Breton be less than 750,000 each. RMCW further agrees that such options shall be issued within six months of Closing.>

This is described as a prior committment by Olympus Ventures to Gary, Roland, and Joel. Yet there is no filing to indicate just how these shares were granted. Hmmm.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News