Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: FTJoe who wrote (9471)	10/27/1997 8:57:00 PM
From: michael d kugler	Read Replies (2) \| Respond to of 55532

Joe, I have spoken to the folks involved. The president of MVPH today told me the certificate number 2005 had been cancelled (his words) and the certificate has been replaced with another one for the purposes of making the distribution to all legitimate PRTI shareholders. Morgan wasn't one of them. The reason Morgan has not submitted the certificate to the transfer agent for transfer to RMIL is because there won't be a transfer. RMIL is not in posession of the necessary documents (like a stock power) assigning that certificate to RMIL. And no one at RMIL has the authority to endorse that certificate, since it's made out to PRTI. Bottom line: Morgan cannot claim this as an asset. It is a worthless piece of paper. It was cancelled in September. When was the 8-K filed? The asset cannot be in two places at once. Right now it is long in the accounts of PRTI shareholders, Morgan not being one of them. Can he sue? Sure. Will he win? Seems a bit unlikely. Riley knows about this. Why hasn't he posted it?