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

To: sandshark who wrote (10362)	10/30/1997 5:01:00 PM
From: TLWatson59	Read Replies (2) \| Respond to of 55532

Sandshark: Good Evening! Candle Stick is an individual who is short a high flyer called CD Radio. His position there is based on the exact reverse reasoning for the longs here. He postulates according to his reading of the SEC filings that come November 15th, the market will be flooded by forced conversions of preferred stock to the tune of millions of shares. I gather from reading some of his other comments that he delves into TA also. As of today's close his positon is fairly neutral with regard to profit or loss. His recent additional placement of shorts raised his average sell price to $19 according to his most recent post. If he takes the time to assimilate the long's post on RMIL he will find that the main reason to own this stock is because of a prospective short squeeze. This expectation is fueled by those who believe that they control in hand an amount of stock that exceeds the public float and that by calling in their certificates they can force the assumed shorts to cover at phenominal premiums to the current market price. The doubter's position is based on a lack of any audited filings and those who question the veracity of the principals of RMIL and some it's most vocal supporters. To date the only audited SEC filing is one which was filed this past summer and relates to the close of business in 1996. In addition there is the mysterious appearance and disappearance of mergers, acquisitions, promised filings which are then delayed. Transfer agents who are accused of delaying tactics who then resign obstensively for reasons they say have to do with the failure of the RMIL predicessor OVIS to submit relative documentaton as to how many shares are actually outstanding who owns what. To further confound the issue, the leader of the pack asserts that the TA was fired because they were not approved by the AMEX to transfer stocks of companies listed on that exchange. They then chose a new Transfer agent, one of the more prominent names in the business who after a very short time elected to withdraw from the priviledge of serving RMIL. No reason was given but the exit is attributed to undue pressure by a group of shorts in California who also have according to the leader and the company officials filed false and malicious lawsuits and engaged in issuing nasty lies in the form of PR news releases. In a nut shell you got it. If Candle Stick should happen to read this it boils down to who do you trust. Then you pays your money and you takes your chances. Good luck to all in evrything they try. TLW