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

To: s martin who wrote (18549)	11/15/1997 9:16:00 PM
From: Kurt N	Respond to of 55532

If given the choice between convertible debentures and Reg S, I would choose convertible debentures. All the company has to do to prevent dilution is to pay the money back. If RMIL has 5 years to pay the money back (assuming they get the money of course), I'll worry about it then. I think you are right that if the company issues shares (in lieu of paying the debenture) that they are almost immediately tradeable, but before doing so they must file with the SEC. Of course if the stock price and company is doing good, they just may issue the shares like they did in AIPN recently. Kurt