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

To: tonto who wrote (19024)	11/17/1997 2:56:00 PM
From: s martin	Read Replies (3) \| Respond to of 55532

Thank you for the information Tonto, I find it odd that Alex did not name any retail outlets for the water. Asia is rather vague. As you posted Mr. Morgan apparently visited the ship while in Jamaica, even thought this filing would make it appear that the ship was not available, when he and Breton took over. Some may miss the bottom part of your post regarding Mr. Morgan's education. The CEA acquisition was a related party transaction. Current management has been unable to determine whether the acquisition was made at "arms length" and therefore whether amounts recorded in the financial statements properly reflect the fair values of the assets acquired. On January 8, 1996 the Company's chief executive officer resigned. Since his resignation the Company has had several chief executive officer's. Current management joined the Company on July 15, 1996. Current management has had communications with the officer that resigned to compel him to return the following to the Company: (1) the assets of CEA (including the ocean shipping vessel), (ii) the books and records of CEA, and (iii) the books and records of the Company from inception through December 31, 1995. To date, current management has been unable to reach an agreement with the former chief executive for the return of the above. Management is currently investigating its legal options, but believes that it may not be practicable or economically reasonable to further pursue this matter.