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

To: I Am John Galt who wrote (7160)	10/21/1997 11:41:00 PM
From: mtnres	Read Replies (1) \| Respond to of 55532

So these companies are still involved with RMIL or not? Which merger are you speaking of, RMCW and OVIS, or is this something new brewing?

To: I Am John Galt who wrote (7160)	10/21/1997 11:50:00 PM
From: mtnres	Respond to of 55532

off topic Matty, check your mail.

To: I Am John Galt who wrote (7160)	10/21/1997 11:51:00 PM
From: TopCat	Read Replies (1) \| Respond to of 55532

Matty, I don't think you have this right. PRTI was/is partially owned by RMCW (I don't yet know the ownership %, but once it was described as "majority"). PRTI sold some assets to MVPH (oil and gas stuff) which is what the $14 million (4 million shares) is all about. With the merger of OVIS and RMCW, the resulting company (RMIL) is claiming ownership of the $14 million. This is appropriate (according to GAAP)if, and only if, RMIL is in a control position of PRTI (usually this means that have over 50% of the shares of PRTI). Two questions arise......do they have the control position and (as mentioned in another post) is the $14 million really worth $14 million? TC