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

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To: slotman who wrote (37247)1/17/1998 6:43:00 AM
From: tonto  Read Replies (1) of 55532
 
Slotman: That does sound like a good plan under the scenario posted.

The release of audited financials is a necessary obligation of the company, are extremely late and have caused for many negative statements about the company which ultimately hurt the stock price.

The stock buyback plan, if the company actually buys a significant amount of shares will be helpful and supportive of the potential short squeeze. I am concerned from a fundamentalist viewpoint that the company is at this time investing money in a penny stock instead of strengthening the business. If they do so, and the squeeze is successful, it could enable them to pay off their $5,000,000 loan.

This stock continues as one of the most interesting to follow.
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