Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dan Merfeld who wrote (20797)	11/21/1997 9:57:00 PM
From: Riley G	Read Replies (1) \| Respond to of 55532

Forward AOL message... ================================= Subject: Re: Press Release Date: 21 Nov 1997 12:08:03 EST Lupo, You are correct in saying that equity means stock. If you look back at their last 8-K, they very clearly stated that the merger is contingent on "at least $5m cash infusion" and it further stated the "investor would be issued 144 restricted stock" in exchange for the $5m cash. I don't understand the confusion here, this was all plainly written out. Should not be a surprise to anyone. The investor obviously would not invest $10M in a company that had no future prospects, after all the $5M loan may never get paid back if future prospects were bad. The investor is from Taiwan and may or may not be related to one of RMIL's board members who also happens to be from Taiwan. Rumor has it the the $10M Taiwanese investor owns the Far East's largest food distributor, which makes sense. Lets see what happens November 30th. TOM