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


To: s martin who wrote (22900)12/1/1997 7:28:00 PM
From: michael d kugler  Read Replies (7) | Respond to of 55532
 
For your edification:..........Remember all those crazy numbers I posted? Did you ever wonder why Riley never asked me to elaborate?

Did you ever wonder why there is little talk about the garment business any more? Ever wonder why the yeas won't discuss Nicaragua?

Let me lay one more number on you. 97-21063.

All the numbers I have posted represent lawsuits, old and new.

But 97-21063 is filed in the 11th Circuit in Dade County. There is some apparent disagreement between OVIS and the people behind the Baron/Nelsons deal.

My understanding is that OVIS filed the original suit after a flurry of letters between legal eagles. The people from Baron/Nelsons have countersued to get paid for the original deal. My understanding is that Morgan has apparently refused to comply with anywhere near the terms of the original deal and is being countersued for fraud, and breech of contract.

I have also been told, by someone I deem a reliable source, that Bancentro has taken over the operation in Nicaragua.

The big question here is why this company goes out of its way to publicize lawsuits connected to the squeeze and won't talk about apparent material events occurring within the operation.

Certainly this, and perhaps some other suits, should be disclosed to shareholders.

And the company needs to make a statement now regarding the situation in Nicaragua.