ANOTHER LAWSUIT FILED:
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PALM SPRINGS, Calif., Nov. 4 /PRNewswire/ -- Dempsey Mork announced today
that he has filed a lawsuit in the United States District Court, Central
District of California, against Rocky Mountain International Rocky Mountain
trades on the OTC bulletin board under the symbol "RMII." The other
defendants are Gary Morgan, Roland Breton, Micheal Puhr, Lorinda Liang, Wen
Lan, Transecurites International, Lazar Levine & Co., Florida Stock Transfer,
Riley G. Mathews, Scott Meyer, and World Marketing Alliance. The charges
against the parties are for fraud, stock manipulation, conspiracy, the sale
and distribution of unregistered securities, publishing false and misleading
information, and violation of securities laws.
Mork is prepared to prove in court that the defendants have manipulated
the market for Rocky Mountain/Olympus stock from $.20 to $3.50 per share based
on two sham transactions.
According to Mork, "The first sham transaction was when Rocky Mountain,
then named Olympus, announced an agreement to acquire a company named Palco.
Prior to the announcement, Olympus' stock was trading at $.20 per share. The
price of Olympus' stock rose to $4.00 per share on the announcement. The sham
was that there was no Palco deal.
"The second sham transaction was when Rocky Mountain, then named Olympus
announced it had acquired a Wyoming based water bottling company with
$21 million in assets. The $21 million in assets turns out to be a former
veterinarian clinic used for bottling water with one employee. The maximum
value of the facilities is under $100,000.
"In addition to the sham transactions, certain of the defendants have
swindled investors by issuing themselves enormous amounts of shares. At the
beginning of this year, investors owned all of the approximately 1,000,000
shares of Olympus. Since then, defendants Morgan and Breton issued themselves
2 million shares of free stock, that had a market value of $7,000,000; plus an
additional 4 million shares with a market value of $14,000,000 for which they
will pay $4,000. Morgan and Breton at one time owned 6,000,000 out of
7,000,000 shares issued.
"Morgan and Benton sought and obtained the assistance of the other
defendants, who acted in various capacities, all of which assisted Morgan,
Benton, and other stock promoters in manipulating the market of Rocky Mountain
securities, and the sale and distribution of restricted Securities."
For further information contact Dempsey Mork at 760-360-1042.
SOURCE Dempsey Mork
/CONTACT: Dempsey Mork at 760-360-1042/
Get ready, and warn the rest of the share holders to hold on to those shares..
It seems every time the stock price goes up, a lawsuit is filed, this is
getting OLD rather quickly...
Anonymous RMIL Holder |
