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

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To: tonto who wrote (37117)1/16/1998 11:04:00 AM
From: (Bob) Zumbrunnen  Read Replies (1) of 55532
 
I see your points as quite valid, but I think an important underlying issue is that there is no bid or ask price on the stock yet, since no MM can legally give a quote yet.

It was my understanding, since the $5M is purported to have already been issued by the investor, that the deal was consumated earlier. At what stock price, I don't know....

If the deal has not already been consumated, I would think it would be impossible to do so until an MM can legally quote a price, since the number of shares issued is dependent upon the price.
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