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


To: TopCat who wrote (7779)10/23/1997 1:56:00 AM
From: s martin  Read Replies (3) | Respond to of 55532
 
Seems it may be a moot point, inasmuch as MVP denies that RMCW owns any interest in MVP stock. Just more of Riley's BSing.



To: TopCat who wrote (7779)10/23/1997 2:24:00 AM
From: I Am John Galt  Respond to of 55532
 
Topcat... you'll notice that those emails were to me.

And the guy that sent them to me is a bit shady if you ask me. He did seem like a very nice guy, however, and I will not refute that. But I was talking to a guy on the phone for about an hour, and he wouldn't let me know his name.

S'kinda wierd. All of the other cartel members I spoke with gave me theirs.

Matty Gregg



To: TopCat who wrote (7779)10/23/1997 9:44:00 AM
From: Riley G  Read Replies (1) | Respond to of 55532
 
Subject: TOPCAT's post # 7780...regarding the 14 million

Riley,
Obviously, TOPCAT and some NAYS, tries to pretend whenever they are on this thread that they know things about financials.

ACCOUNTING 101
In a BALANCE SHEET of any company, there are only 2 sides(DEBIT AND CREDIT) and 3 categories, ASSET, LIABILITIES AND OWNERS EQUITY. The 14 million mentioned on the 8k is an ASSET. Accounts receivable is a general term used in accounting. There so many kinds of RECEIVABLE. They could be.....

1. INVESTMENT RECEIVABLE
2. INTEREST INCOME RECEIVABLE
3. RECEIVABLE FROM SALES
4. MISCELLANEOUS RECEIVABLE
5. AND SO ON, AND ON, AND ON, AND ON........

The 14 million falls under this catergory, on the left side of the balance sheet which is the ASSET SIDE. I dont need to explain any further for I dont want to OVERLOAD the NAYS BRAINS on this.

I wish I can be like TOPCAT who is not even an ACCOUNTANT but knows more than what CPA's know. I wonder if Topcat is an accountant of a company, where would he put this on the BALANCE SHEET......under the carpet or maybe in the drawer (that, is not a part of a balance sheet).

p.s.
MATTY, DONT BE absent on your ACCOUNTING 101 class.