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

To: Ellen who wrote (18618)	11/16/1997 2:37:00 AM
From: Kurt N	Read Replies (2) \| Respond to of 55532

The merger related shares are Rule 144 shares, BUT some previous Rule 144/restricted shares that the company issued were given a guaranteed value, and the restriction period is ending. My theory is that is why the company is getting $10 million instead of $5 million. To prevent them from having to issue additional shares to meet the mininum guaranteed value by using some of the extra $5 million in cash instead. I don't have a problem with that, since in the merger announcement they only needed $5 million to do their expansion. Kurt