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

To: FTJoe who wrote (18456)	11/15/1997 12:34:00 PM
From: Just My Opinion	Respond to of 55532

FT: I am confused myself. Am I right in saying that MK said the TA, said there was only 3+ million shares? If so then what is all thes other shares about? I don't know anything about REG S stock, but even if it was there, and sold. It was sold on a short basis. Those shares are not in circulation. They come into circulation when the time frame is expired. I am reall confused about this thing now, and I will let someone else who is more familiar with this aspect take over. If they got there information from the internet, why not post an url, so we can see what they are saying. If they got there information from a person, why not give us the phone numbers to call? I have a feeling this is old refuted information, that is just being presented in a different mmanner, and at a moment when no one can really have a chance to investigate..(fri..2 am) al

To: FTJoe who wrote (18456)	11/15/1997 12:56:00 PM
From: michael d kugler	Read Replies (2) \| Respond to of 55532

Joe, If all the shares from the boat transactions, CEA and Carribbean Cruises are counted, it's 33,333. I can't tell you whether or not there is still pending litigation on this. I'll take the typo hit for 10,000. All the shares I put up there are possible candidates for why it looks like there are more shares than have been counted. Are they all out there? I don't know. But if you add up all the postential shares either out there or coming on stream, it goes a long way twoard understanding what we are seeing in the market. The change in the 144 laws in May means that the maximum holding period is two years. That means that by the end of this month, all of the aquisition shares are off restriction, but may have been in May. Inasmuch as some of these are offshore transactions, it seems as though these guys find ways to sell the stock short. Is is legal? who knows. But the short numbers could be coming from these transactions and they would be covered by shares which have to be issued right in here unless the company pays cash. Just possibilities........but undiscussed ones.

To: FTJoe who wrote (18456)	11/15/1997 1:26:00 PM
From: Jerry Whlan	Read Replies (1) \| Respond to of 55532

I still can't understand how he has CEA at 43,000? Go read the 1996 10-K. CEA's portion in Mike's numbers is inconsquential whether it is 43,000 or 0. What really matters is the guaranteed minimum market value of $1.5M for the 300k shares issued for the acquisition of Nelson and Baron. Those 300k shares were pre reverse split so they are probably only 10k shares. 10k shares are worth about $20k today. That means that either on Nov 2nd, 1997 (two years after the issuance) or sometime before summer when the SEC retroactivly reduced the Rule 144 restriction period to one year, OVIS has had to either cough up about $1.5M in cash or about 750k more shares. That's not the only minimum market value guarantee in the 10-K, but I believe it is the largest. Just glancing at the math, it appears that all of the minimum market value guarantees could have been satisified with the 2,000,000 shares from the spring S-8. I don't know if shares issued to cover minimum market values would also be Rule 144s and thus restricted for another year or not, but if that is true, then we have a very convenient debunk of Kugler's numbers, i.e. that the 2,000,000 went to cover those and the latest 300k increase in outstanding shares is really just the only substantial compensation that Morgan and Breton have received from the company (as they indirectly claimed in their latest press release). Just guessing here, I figure someone who owns some shares will care enough to make some calls on monday and get a better accounting.