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Non-Tech : Olympus Ventures (OLPV)

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To: Danny Hoover who wrote ()2/23/1997 10:02:00 AM
From: Ray Williams   of 485
 
The following is a message that I just sent to the SEC. At the email address's of help@sec.gov and enforcement@sec.gov. The SEC web site is located at www.sec.gov this is only my view of the current status of the company and I represent no one other than myself. Some of you may have a better understanding of how to handle this problem but at least I am going to hopefully get some kind of a answer.

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I am writing in requards to the company known as Olympus Ventures Incorporated. 3418 N Ocean Blvd, Ft Lauderdale, FL 33308 Phone 954-565-9292 Chairman and CEO Gary Morgan. Stock symbol OLPV prior to 23 Jan 1997 and OVIS afterwards. This stock is traded on the OTC Bulletin Board.

In Dec 1996 the company released a news statement that they would be releasing their 10k within 10 days. On 23 Jan 1997, the company did a reverse split of 30/1 and changed the symbol to OVIS. This was done without prior notice to the stock holders. As of 23 Feb 1997, we have still not received the 10k.

The last information release that I can find is a 8k released on 4 Dec 1996.

I am a small time investor and do not understand all polices and guidelines of the SEC. Therefore there may not be anything wrong with the way this company is conducting business. However, I do feel that this company has not been forth right with its investors and is generally just doing bad business as far as shareholders are concerned.

We have been told several times that the 10k would be released the following Friday, Calls to both the PR firm and company have resulted in responses such as, it will be released as soon as all of the i's have been dotted and the t's crossed. Still the required information has not been released. Lastest information has been a question of moneys within the company not being accounted for.

I am asking for your assistance in this matter. If you choose to investigate wheither or not there have been any wrong doings, please feel free to contact me. As stated above I do not know the correct procedures with reguards to what a company is required to release and when but am very disappointed in the business as usually views from both the company and the PR firm.
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