*WEEKEND RECAP*
All: There were approximately 1000 posts made over the weekend, from Friday around 5:00 to this morning. There are too many and it would take too much time to go back through all of them.
IMHO, the basic gist of the weekend discussion was about the number of restricted 144 shares: how many are there now, how many may or may not become tradeable currently, soon, or in the near future - and how this may or may not affect the # of tradeable shares in the float - and affect or not affect the squeeze.
Kugler has thrown out some numbers of shares related to past acquisitions that may or may not be coming off restriction. Question to Michael Kugler: Can you and will you state, clearly and without personal comment, what shares, if any, you KNOW to be coming off restriction and when?
In the next post, I will post that acquisition information so it can be read.
As to what we currently know about the float: A few weeks ago we all knew that # to be 3,071,081. About a week or so ago we know that # was increased to 3,371,081. An obvious increase of 300,000 shares. What we don't know for certain, it seems, is whether these 300,000 shares are restricted 144 shares or tradeable shares. WHICHEVER they are, Riley's numbers STILL show that the cartel has more than the float.
For everyone's review, here is where Michael Kugler HINTS that those 300,000 shares come from:
To: Candle stick (15176 )
From: michael d kugler
Friday, Nov 14 1997 11:08PM EST
Reply #18122 of 18951
Thanks for the link. Because you were so nice, I will give you another clue. Look at point three. Interesting number to announce. Do you understand why?
From: Candle stick
Friday, Nov 7 1997 10:42AM EST
Reply #15176 of 18951
************NEWS RELEASE************** and hyperlink......
biz.yahoo.com
Friday November 7 10:08 AM EST
Company Press Release
Rocky Mountain International Ltd. Announces its Response to a Press Release Issued Nov. 4, 1997 by Demsey Mork
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Nov. 7, 1997--Rocky Mountain International Ltd. (formerly Olympus Ventures Inc.) (OTCBB:RMIL - news) announced Friday that it is responding to the press release issued Nov. 4, 1997 by Demsey Mork.
In the press release Demsey Mork claims that he filed a lawsuit against the company and others in the Federal District Court in California. According to Rocky Mountain International Ltd., this is the fourth lawsuit that has been filed by Demsey Mork and/or his affiliated company, Magellan Litigation Services, against Rocky Mountain International Ltd. and/or its predecessor from Olympus Ventures Inc. Rocky Mountain said it believes that the charges are unfounded and are a continued attempt by Mork to manipulate Rocky Mountain International Ltd.'s stock price to cover his short position -- all to the detriment of Rocky Mountain International Ltd.'s shareholders.
Gary Morgan, CEO of Rocky Mountain International Ltd. stated: ''By continuing to defame the company both by outright distortion and the filing of meritless litigation. Mork is threatening the very existence of the company. Certain of these many distortion require immediate correction:
1. Rocky Mountain International Ltd. never issued a press release that it had acquired Palco, only that a letter of intent to acquire had been signed. As of this date, negotiations are ongoing.
2. Mork's statements concerning the merger of Rocky Mountain Crystal Waters (RMCW) and Olympus (OVIS) are also distortive. Our public filings state that the combined asset value of the two companies, including the value of investments, and an expected $5 million financing commitment from a third party, would create a company with $21 million in assets.
3. Neither Gary Morgan nor Roland Breton, president of the company, have ever owned more than approximately 300,000 shares of the company. Mork's statement is a falsehood.
4. Mork's statement that pursuant to Exchange Action Section 15-c-2-11, the SEC will stop company trading on Friday is also untrue. We have confirmed with the SEC that, in accordance with its standard and scrupulously honored policy of confidentiality, of which we are sure Mork is aware, it has not advised anyone of its position or of any steps it may take with respect to Rocky Mountain, Mork, Magellan or anyone else. Perhaps the best evidence that Mork's statement is untrue is that the Exchange Act Section in question is entitled 'Initiation or Resumption of Quotation Without Specified Information' and relates to regulation of broker dealers, not issuers, and has nothing to do with the SEC 'shutting down' a company.
''Demsey Mork is on record as having a sizable short position in Rocky Mountain stock. How can he therefore claim to represent the interests of our legitimate investors? Mork has employed this tactic before and Rocky Mountain is yet another victim of his continued pattern. We have advised the SEC of at least four other companies with respect to which we believe Mork has engaged in similar conduct: Development Bancorp Ltd., Fremont Corp., Sunbase Asia Inc. and BioCorral. Each of these companies has had their stock drop from the $7 range in the $2 range in one year's time. We are fully cooperating with the Commission in with respect to Mork and other matters concerning the company.''
The company said it believes that it will prove in court that Mork knowingly has defrauded, made false accusations and manipulated the stock of Rocky Mountain International Ltd. for his own self gain, and at the expense of the 300 hundred shareholders of Rocky Mountain International Ltd.
RMIL is a manufacturer of pure spring and premium artesian bottled drinking water and garment manufacturing. RMIL is focusing its direction on manufacturing, distribution and retailing bottled water and physical fitness products, which the company believes is one of the fastest growing areas in the commercial marketplace.
NOTE TO EDITORS: In the Internet/email address noted in this news release, there is an ''at'' symbol between ovisusa and aol.com. This symbol may not appear properly in some systems.
Contact:
Rocky Mountain International Ltd.
Roland Breton, 954/565-9292
E-Mail: ovisusa@aol.com |
