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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: Robert Rice who wrote (47749)6/5/1998 1:29:00 AM
From: Pugs  Read Replies (2) of 55532
 
Robert,
Simply, RMIL has not closed the door on RMCW. It appears Morgan is allowing Puhr to exhaust all his efforts before moving on with another merger/aquisition.
As shareholders, we have been caught ourselves in the power struggle between RMCW & RMIL. Much has been theorized about what is going on behind the scenes. We do know , to date, RMCW has not produced the $5MM to finalize the merger. The $10MM investor is 8 months late in fullfilling his contractual obligation.
Roland informed us that the fund manager allowed money from the investors trust to prevent forclosure. Myself?, I can't understand why, if there really is a $10MM investor, why RMCW has gone Chapter 11 ??? Makes no sense to me. Yet I accept it on faith, BUT....hope that Morgan pursues the other merger/aquisition and rushes to audit the 10K which has been delayed due to RMCW's inability to secure financing.
Puhr calls RMIL everyday stating the money will be secured "tommorow", etc. ..Morgan states he will not shut the door on Puhr, but he is getting the 10K audited, proceeding with another deal, and expects trading in 60-90 days. The float is 5K-9K short of being entirely in Name Form.
I hope this answers your question.

Pugs
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