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


To: campe who wrote (16578)11/11/1997 12:22:00 PM
From: tonto  Read Replies (2) | Respond to of 55532
 
GJC: I am not answering for Steve, but your question reflects my desires to see the financials. The auditor of OVIS/RMIL must verify the outstanding share issue, and with all the wire news stories regarding this issue, they would be negligent if they did not.



To: campe who wrote (16578)11/11/1997 12:26:00 PM
From: steve johnson  Read Replies (1) | Respond to of 55532
 
GJC:

I agree that the shares have to be accounted for when a company changes transfer agents. However, the pressure on the MM's comes from the DTC. That is the critical difference. If the transfer agent has an accurate list of shareholders, I don't think it makes a differece who has certs and who doesn't.

As far as the AMEX, though I believe that the exchange holds the company and transfer agent accountable for accurate list of shareholders and that the transfer agent would more likely press the DTC for accurate cert counts.

The bottom line is that if all certs are accounted for and there are extra shareholders out there, it becomes imperative that the shareholders demand their own certs so that is relayed to the transfer agent and then to the DTC who is responsilble for making the MM's cover the requests. And IMHO, I don't think that is getting done here.

Regards,

Steve Johnson