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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 (18473)	11/15/1997 1:35:00 PM
From: tonto	Read Replies (2) \| Respond to of 55532

A discrepancy that has existed for considerable time. 10 K filed 3/27/97 RISK As in any manufacturing business, there is always a degree of risk to the capital employed. However, provisions have been made to minimize the risk of investment to its shareholders. Since we own our off-shore facilities and equipment, we control production schedules and are not greatly affected by unforeseen cost fluctuations in labor and raw materials. Our conservative position in the marketplace works in our favor since the bulk of our business is manufacturing basic items for which there is always a market. ITEM 2. PROPERTIES The Registrant owns no real property. It leases manufacturing space consisting of 18,000 square feet located in San Cristobal, Dominican Republic. The monthly rent is $3,750 on a multi-year lease. The Registrant also leases manufacturing space, consisting of 2,400 square meters, located in Managua, Nicaragua. The monthly rental is approximately $6,300 on a multi-year lease. The Registrant leases manufacturing and administrative facilities located in Hialeah, Florida. The facility leased is 16,800 square feet. The monthly rental is $6,300 on a multi-year lease. The stock issue is an excellent issue to solve once and for all, but there are discrepancies throughout the filings that one should note. This is just one example that needs clarification from Mr. Morgan. In the 10K the company states it owns its facilities offshore, later in the same filing, OVIS states it leases space.

To: FTJoe who wrote (18473)	11/15/1997 1:41:00 PM
From: michael d kugler	Respond to of 55532

Since we,ve not seen any financials which discuss how these transactions are going to be satisfied, it's hard to tell. The transfer agent's numbers have to be correct thus far. The analysis by Riley as to the number of restricted shares may include some of these for all I know. But then, the restriction is either off or coming off. But again, if some of these shares have already been sold, for some reason, it would explain some of the additional shares and why the shorts are not rushing to cover. Perhaps the company will issue a statement regarding the restricted shares, who owns them, and when the restrictions will be lifted. Without these facts, it could be difficult to ascertain what is really going on here. If 3.3 million are all in the float here, it would explain a lot of what is happening.