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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: Pugs who wrote (42778)2/26/1998 10:34:00 PM
From: Hawkmoon  Read Replies (1) of 55532
 
That's right... It's not like RMIL and Morgan have any history of extraordinarily dilutive Reg S placements.... <wink>

The question is Kurt, why would RMIL be forced to disclose this investment except through 8-K within 15 days after receiving the funds.

Maybe you hadn't heard, but the SEC has new rules for Reg S placements. Used to be they didn't have to disclose anything but then they were abused and shareholders severely damaged by the float being drastically and secretly increased.

Now companies must disclose within 15 days after completing a Reg S. This provides the market 25 days with which to react before the actual shares are able to be traded.

And since the float is tied up, there is no opportunity to short them to lock in profit, so they would be dumped almost immediately into any surge in buying if the stock resumes trading.

Just posing a scenario. Again, restricted private placements are not generally required to be disclosed unless someone has changed the rules there as well.

Exception: 8-K filing as a material event and I believe this is optional for RMIL in these circumstances.

I will be eagerly awaiting the financials that will address this placement.

Regards,

Ron
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