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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: Angel D who wrote (47650)6/1/1998 4:14:00 PM
From: Hawkmoon  Read Replies (1) of 55532
 
Angel,

Some folks had capital gains last year. Having RMIL declared worthless should permit them to file revised tax statements.

And if it doesn't involve selling your stock, how can it hurt to technically declare it worthless and thus a tax loss?

Should RMIL pull itself up by its bootstraps or the "squeeze" occur, then the shares are still their to be sold at a higher valuation than current prices. Folks will only have to revise their 1997 tax return one more time and they might have some money to pay 'dem taxes with.

But more significant, once the Mmkrs catch wind that RMIL shareholders no longer have an impetus to sell their stock, it will reveal two things:

1.) that they will not be able to coerce shareholders to sell their shares through price manipulations.

2.) that they have a vested interest in maintaining a market for this stock rather than letting it die on the vine.

Now where is the harm in suggesting any of the above?? If you folks want to really play hardball, send a signal that no one can convince you to sell your shares.

Regards,

Ron
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