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


To: shades who wrote (21213)11/24/1997 7:07:00 AM
From: Hawkmoon  Respond to of 55532
 
Shades,

Don't construe my comments as some form of disbelief that a short position exists. I'm sure that it does. However, this company is doing many things which I'm sure are raising dozens of red flags.

There is no way that I could post a representive quantity of links that fully describe the emotion and BS that surrounded GIFS stock scam. They had people really fooled. But these people hadn't bothered to investigate personally the status of the business by vistiting the sites of these alledged businesses.

But you folks have, or at least someone has, posted pictures of their journey and the empty warehouses and bottling plant. And the fact that this company is likely not making a dime at the moment (outside of selling stock and taking out highly suspect loans), I don't see anything other than a company which is desparate to avoid the ultimate collapse. Kinda light a supernova where the star get brighter just before it blows up and dies.


RMIL, I suspect, is grasping at straws, but hedges it in the language of proposed acquisitions, mergers, restructuring, and white knights flinging around mega wads of money...

And again, should the stock be halted, there is NOTHING that the government can legally do to make the short sellers cover their position. You fine for violations, you don't order short sellers to buy stock on the open market. IE: NO increased buying pressure resulting in an increased price. Since you folks have apparently squeezed this stock so tightly, it may more cost effective for the short sellers to pay the requisite fines than to attempt to cover their shorts.

Regards,

Ron