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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: Pugs who wrote (40117)2/3/1998 9:30:00 PM
From: TopCat  Read Replies (2) of 55532
 
>>Are you sure you're a lawyer?
The co. complied to the SEC concerns with the 8K, the halt expired uneventfully . What are you trying to say fellow shareholder?
Pugs<<

Pugs,

You are missing a very important point in the "halting process." The SEC press release regarding RMIL clearly states the following:

"Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule."

This has the effect of maintaining the halt until the company fully satisfies the SEC requirements. Maybe the halt "expired"....but maybe it didn't.....it's a matter of perspective. In my mind the halt does not end until the stock starts trading again.....

To suggest that the SEC is fully satisfied now ignores the requirement of Rule 15c2-11.

Of course, you can (and have) put any spin on it that you want.

TC
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