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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)

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To: Sajjad S. Hashimi who wrote (46253)4/27/1998 11:41:00 PM
From: s martin  Read Replies (1) of 55532
 
Something for you to consider before paying the money for certs that it appears will never trade.

Subject: Re: Barry
Date: Fri, Apr 24, 1998 11:13 EDT
From: Ptr911
Message-id: 998042415131200.LAA24501@ladder01.news.aol.com>

I personally believe that getting your share certificates from transfer agents in general are a bad idea born from novice investors with limited knowledge. I remember RMIL as well as its other symbol OVIS and Riley G , and many of the investors who got stuck by ordering their certificates by following some so- called pied piper who was a parttime physic, lawyer, stock guru, and ex police officer I believe. When the stock stopped trading guess what?

Investors are generally better off putting their shares into a cash brokerage account if they don't want them to be borrowed by the Brokerage firm from their margin account. They don't have to pay the cost that most brokerages charge for sending certificates; They don't have to worry about the certificates being lost or stolen; They have liquidity and don't have to worry about getting their certificates safely to a brokerage if they suddenly decide to sell; and Their accounts are insured up to a certain amount to cover various problems that can occur.

Lost certificates can occasionally turn into nightmares when the company changes transfer agents and records get screwed up at the company and with the former and current agent.

I don't believe that legal shorting is in any way a problem here. I believe that illegal naked shorts are the problem for now. JMHO Getting your certificates will not stop this kind of action.
I believe that if the Dr. and reticulose meet their goals and start bringing in profits, that any substantial shorts will evaporate.
Probably the Reg S group is shorting this stock for their on greedy purposes.
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