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


To: Kenny Low who wrote (19885)11/19/1997 10:37:00 AM
From: Typhoon  Read Replies (3) | Respond to of 55532
 
Kenny, it's so good to read a straightforward post like yours, with no visions of short fat ladies singing and dancing on long shareholders' graves, and scary stories about Freddy Kruggler and "Nightmare on 144th Street".

The longs still are going to win. All the ranting and raving and cheering of shorters won't help. The merger news will be out soon.

Off topic, I see a lot of pennies taking a beating this morning.



To: Kenny Low who wrote (19885)11/19/1997 10:39:00 AM
From: Mach 2  Respond to of 55532
 
More selling at DVBC, down another $1 1/16...Hmmm.

Tallyho!
Alpha Kilo



To: Kenny Low who wrote (19885)11/19/1997 11:03:00 AM
From: Ellen  Read Replies (3) | Respond to of 55532
 
Kevin, first of all, let me thank you for the phone calls and effort you are putting in to this plus your neutral position taken.

I agree. Kevin should be thanked for making these calls and reporting what he learned. The only thing I wonder about is why he chooses to believe kugler's numbers rather than Riley. He just said that he did, but not why he did. So I'm not totally convinced that Kevin is being totally objective here.

With that out of the way, the question I have is not particularly at you but for all is - if there are only 800,000 shares locked up by insiders, and the entire shares outstanding is 3.3 million, leaving 2.5 million in public float, and assuming the foundation has what, 2.8 million so far, what difference does it make about the 144 shares?

Sure it makes a difference as to the timing of the squeeze, but it still would happen, would it not?


Glad you pointed this out.

However, one factor that could make a difference is the release of more shares above the 3.3 MM, something Morgan stated he would not do. If that were done, yes we would have a problem IMO. And then the 9 MM in the RMCW/OVIS merger does have some area for fudging also.

Yes, Mr. Morgan has stated that any merger-related shares to be issued will be restricted. That is also stated in the 8-K.