SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?


To: michael d kugler who wrote (9466)10/27/1997 8:45:00 PM
From: FTJoe  Read Replies (2) | Respond to of 55532
 
I'm sure I don't know, but since the terms for the "penalty" had a clause saying that the shares would be increased if it wasn't worth $14,000,000 at a future point in time, is it too far a stretch to assume that there's a reason to hold the shares as issued until that time comes? I'd also guess that they wouldn't be able to claim the asset as worth $14,000,000 if they took it over in their name. It would appear it's being held as part of an "IOU". Again, I'm guessing as to the accounting/filing requirements but is it possible? I suggest you/Tonto ask the folks that are involved.