Yes...very good...I have another of similar tenor. I know. I didn't see him anywhere either when it counted. (Thin green line)
ragingbull.com
>From: Ovisusa@aol.com
>Date: Wed, 1 Jul 1998 14:32:05 EDT
>To: Riley.G
>Subject: Letter to Shareholders
>X-Mailer: AOL 3.0 for Windows 95 sub 18
>
>I am authorizing you to send this Stockholder letter to any RMIL shareholder
>you know. I will be mailing out the letter to all shareholders during the
>next two weeks.
>All questions should be directed to Roland Breton or myself by telephone ( not
>by E-Mail ) We most likely will not respond to any of the E-Mail due to us
>not knowing to whom we are writing.
>
>Best Regards and Good Luck
>Gary R. Morgan CEO
_____________________________________________________
Rocky Mountain International, Ltd
3418 N. Ocean Blvd.
Ft. Lauderdale, Florida 33308
Tele: 954-565-9292 Fax: 954-565-8894
July 1, 1998
To: Rocky Mountain International Ltd. Shareholders
From: Gary R. Morgan CEO
Dear Share Holders;
As I'm sure that you are all aware, we have not been trading since December 22, 1997.
Roland Breton ( President of RMIL ) and myself who are shareholders and (unpaid) officers of
RMIL, have exhausted all of our personal funds in an attempt to revitalize RMIL and we now
need help from the other shareholders.
Rocky Mountain International Ltd. needs to take advantage of the publicly held trading company,
which has a $13,000,000 loss carry forward ( a value of $4,000,000 ) and a good stock holder
base. It is our belief that if the following will happen the company would begin trading and be an
ongoing profitable concern.
1. Complete the 1997 and 1998 10K's
2. Have funds available to fight Mork's litigation against the Company
3. Have funds available to continue operations of RMIL
4. Merge with a profitable on going company
5. Prepare a 506 offering
The question is how much is needed to accomplish the above, and the answer is, not that much
considering what we the shareholders have already invested.
FUNDING OF THE 10K's
The auditors, Lazar-Levine & Felix past due is $75,000, and the additional work needed would
be approximately $25,000
MORK'S LEGAL ACTION
The cost of the legal action should not exceed $25,000 over the next twelve months. It is still the
opinion of our attorneys that there are no grounds for which Mork has filed.
OPERATIONS
An immediate $30,000 is needed for the most immediate pressing obligations with $20,000
per month for four months for the day by day operations. This would include the traveling
required for the audits and defending the litigation. Morgan and Breton would agree to continue
operating the company without pulling any funds out of the company for future compensation
until such time the company can financially handle it.
PUBLIC 506 OFFERING
Preparation of the offering will be approximately $15,000 and will take 60 to 90 days from the
start date.
MERGER WITH AN ON GOING BUSINESS
At this time Morgan and Breton has negotiated an agreement with a privately held company
subject to RMIL being current and trading on the OTC Bulletin Board.
The company that has agreed to the merger currently is in a business of which Morgan has 30
years experience. It is now in its second year of business with profits more than $500,000 and
sales now exceeding $2,000,000, with projected sales for 1998 of $5,000,000.
Considering all the above costs, the initial funding would be $50,000 to the auditors, $30,000
operations, 10,000 retainer for legal action (total of $90,000). The balance of funding would
need to be in place within 30 days. A total for the balance would be $160,000.
The Company is offering the following terms and conditions for purchasing stock to all
individuals who are registered shareholders of Rocky Mountain International, Ltd.
a. Each shareholder may purchase an equal amount of shares as they currently hold in
certificate form or 10,000 shares, which ever is greater for the price of $.25 per share.
b. Shares will be Rule 144 stock and will have a one year restriction.
c. Each shareholder must sign an agreement to hold their current shares for a minimum of 90
days from the day that the Company resumes trading.
d. Company will agree to a stockholders meeting 30 days from the resumption of trading.
e. Maximum dollar amount to be raised will be $250,000.
f. Minimum to be raised is $150,000, if this goal is not reached, all purchases will be canceled
and funds will be returned.
g. Before the Company begins trading it will request a name change, all suggestions by the
shareholders will be considered.
h. At the stockholder meeting the Company will introduce the new acquisitioned company and
will be open for discussions.
I hope all shareholders will take this letter serious, if not, and we are unable to raise the
necessary funding to reopen trading the company will become dormant and all will lose.
Best Regards
Gary R. Morgan
ALL INQUIRES SHOULD BE SENT TO THE ABOVE ADDRESS AND TELEPHONE/FAX
NUMBER, OR Email US AT OVISUSA@AOL.COM |
