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

To: FTJoe who wrote (20878)	11/22/1997 8:09:00 AM
From: Skeeter Bug	Read Replies (2) \| Respond to of 55532

ftj, you are being reasonable. insider info is anything that is not publically known and is material to a company's business. getting a $10 million cash infusion is material, wouldn't you guess? it wasn't public until the press release. ftj, here is why i'm concerned when this type of info is released by management. sexi management was really fast and loose releasing what would have been insider information IF TRUE. it wasn't. once burned, twice shy. professionals don't gossip on the telephone with investors or anybody else. jmho...

To: FTJoe who wrote (20878)	11/22/1997 6:13:00 PM
From: Kurt N	Respond to of 55532

I think you are right with your definition of 'insider info'. If you call up a public company and ask them questions that they would answer to ANYBODY that calls up, it is not 'insider info'. As long as they are consistent in what they can/can-not answer then it is no problem. If that changes for a particular issue/question, then the only thing the company can do is to issue a press release. After the PR they can answer that question. If somebody chooses not to take the time to do proper DD, or doesn't think to ask a particular question that the company would have been willing to answer if they asked it, then that their is fault. Having said that, PR's are better because then everybody has the info (if they take the time to look for PR's), rather then the few who take the time to do extra research. Kurt