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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: RBM who wrote (42405)2/24/1998 10:04:00 AM
From: Joe Master  Read Replies (3) of 55532
 
If you have read any of the SEC's statements on the subject they know that the 10 day suspension by itself is enough. The company cannot trade after that until all the financial statements are caught up. This is the purpose of the halt. The SEC knows it will be effectively halted for a much longer period of time. Check out all of the other OTC:BB halts issued in the past few months. It is true in 100% of these cases. In the case of RMIL the financials will show such a bleak picture that they will never (ever) publish them because they would rather slink off into the night rather than face the consequences of being barred from being officers in a public corporation and being stuck with the scamster label.

Isn't it obvious when an investor makes a commitment to make an investment in a nearly bankrupt compay and that "supposed investor" is never named and is supposed to be from "Asia" shouldn't that also raise a few eyebrows. (Especially since most of asia is going through an extremely turbulent financial climate). Then when the investment date comes and passes it should raise a question or two. Next the company in mid November comes out saying they have a definitive date for the investment I would think you would be a worried investor. (Shortly after this I sold my last holdings of this company). A lot of blame has been given to the nays at this point on why the stock price is down to a dollar and change. Then the next date for funding passes. Also about this time the SEC issues a trade halt because they say you cannot believe the statements of the company. I would think this would raise a few questions as well. The SEC while not perfect does a decent job of weeding out scams. Since the time of the halt another two funding dates have passed. The company makes no public statements, but non-public information is assumed to be true when received from some internet contact. Does this sound like the way a professional organization is run?

I have been hanging around here since I sold thinking maybe I would jump back in if the money was raised and the company went forward. But about 45 days ago I came to the conclusion that this was a 100% legit-free company and that nothing would ever come of it if it ever traded again.

I may have been born at night but it wasn't last night.
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