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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: TideGlider who wrote (39463)1/31/1998 6:35:00 AM
From: Ditchdigger  Read Replies (2) of 55532
 
Good moring TG,
<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.>
"The Company has received a copy of a letter from the investor dated January 1 1998, advising Rocky Mountain Crystal Water, Inc. that the funds were in processing at this time, the Company has now given another 30-day extension due to the above mentioned letter."
It should be noted that this "letter from the investors" is not labeled as a "letter of Intent", as it was in the PALCO BS
"If both parties agree and accept the principles listed above, then a contract shall be constructed and provided to Palco, Inc. Within 60 days of the signing of this "Letter of Intent" by OVIS." (the companys quote marks not mine). I imagine the author was the same through out the document-interesting distinction..DD
PS: no mention of a contract with the "investors" in RMCW either...
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