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


To: mawork1 who wrote (16250)11/10/1997 4:19:00 PM
From: Riley G  Read Replies (1) | Respond to of 55532
 
To All shareholders,

It appears that someone had this wire release pulled. I thought that I would post it here in the open forum since there is no url link to this release anymore.

RG
---
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.



To: mawork1 who wrote (16250)11/10/1997 4:22:00 PM
From: Riley G  Respond to of 55532
 
To All Shareholders,
And if you missed my response to the PR Newswire and the being served part.
Here goes my Business Wire response.

RG
---

biz.yahoo.com
-----
Friday November 7 3:14 PM EST

Company Press Release

Shareholder of Rocky Mountain International Ltd. -- OTC: RMIL -- Sued by
Admitted Short Seller

BROOKLYN, N.Y.--(BUSINESS WIRE)--Nov. 7, 1997--Riley G, an individual
investor of Rocky Mountain International Ltd. (RMIL) responds to the press
release issued Nov. 4, 1997 by Dempsey Mork of Development Bancorp
(OTC:DVBC), and Magellan Capital Corp. after being served a summons of
complaint in United States District Court, Central District of California.
Case number: EDCV-97-300 RT (VAPx).

1. Riley G started a grass roots movement with other shareholders of
''Rocky Mountain International Ltd. (OTC:RMIL)'' after uncovering over 1
million shares in excess of the public float. These extra shares in the
RMIL market are the direct results of abusive short selling by
well-capitalized trading firms and individuals attempting to profit from
market manipulation rather than company and market fundamentals.

2. Riley G recommends that all shareholders take physical delivery of their
stock certificates. When delivery of stock certificates is demanded by a
significant number of shareholders, the creators of nonexistent stock will
be forced to clear the market of the extra shares that they flooded in to
the market. We are not talking about legal shorting; we are talking about
the selling of nonexistent shares. Thus keeping the price of a stock down
in attempts to terminal short it. If a terminal short is made (stock value
= $0) then the short sellers never have to worry about coving the extra
shares that they flooded the market with. This is why every shareholder
must demand delivery of their certificates!

3. Riley G states for the record, ''I am only a shareholder of RMIL stock
and have no direct or indirect ties or links to Rocky Mountain
International, LTD. (RMIL). I am also sick and tired of the short sellers
and their associates on the Internet with their repeated attacks on other
RMIL shareholders and myself, as they continue to slander a company that I
am a shareholder of. It appears that the short sellers' main intent is to
manipulate the price of RMIL down in an attempt to cause shareholders to
sell off their shares for the personal gain and benefit of the short
sellers.''

CONTACT: Riley G Enterprises
Riley G, 718/331-1960
E-Mail: Riley-G-Enterprises@psicop.com
psicop.com