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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?


To: Joe Master who wrote (54527)6/17/1999 3:19:00 PM
From: Arcane Lore  Respond to of 55532
 
Pugsy,
And what exactly does that have to do the crimes commited here in RMIL?


Perhaps a common element was that investors were induced to buy near worthless securities at markedly inflated prices? Undoubtedly that was the point GD meant to make. <g>

From a WSJ article on the arrests:

...The schemes in each of the three cases are similar: A group of brokers and others would gain control of the stock in a small company for next to nothing. They would then pay hefty kickbacks to other brokers to get outside investors to buy shares at inflated prices. The share price would crater when the brokers sold their shares and moved on to another stock. ...

interactive.wsj.com