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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: Ditchdigger who wrote (39462)1/31/1998 6:27:00 AM
From: TideGlider  Read Replies (1) of 55532
 
DD: Good morning! I see Pugs has given a 15 day cushion to the management for the announcement of the receipt of cash. That I suppose will go into effect after the money has been received.

If the fundamentals count, a few million dollars isn't enough to make this comapany attractive to me. Pugs is relating the cash infusion to the squeeze and at the same time discounting the fundamentals. That would indicate that he may believe people may buy in due to a cash infusion thereby helping the alleged squeeze.

I don't know what affect the money would have on the garment making. It seems they would have to nearly start from scratch as they don't appear to be doing any business or at least much business if any in that area. The terms of the agreement indicate that a minimum of 20% of the cash shall go to Olympus Mills. That leaves the lions share to create and expand a bottled water business. It would seem that RMCW has no use for OVIS other than a trading vehicle. Apparently RMCW attempted an IPO in 96 however something failed. I don't know what that is but would be careful of a company that can't establish a trading presence of their own.

It should also be noted that the terms of the agreement automatically rescind the merger if the cash infusion is not made by the 30th of the month. I believe that would be noteworthy and release by RMIL would be immediately forthcoming if the cash was received and/or the agreement was extended for another time period.

TG
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