To: Pugs who wrote (23670 ) 12/4/1997 2:35:00 PM From: tonto Read Replies (1) | Respond to of 55532
RMIL is a manufacturer of pure spring and premium artesian bottled drinking water and garment manufacturing. RMIL is focusing its direction on manufacturing, distribution and retailing bottled water and physical fitness products, which the company believes is one of the fastest growing areas in the commercial marketplace. Friday November 7 10:08 AM EST Company Press Release FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Nov. 7, 1997--Rocky Mountain International Ltd. (formerly Olympus Ventures Inc.) (OTCBB:RMIL - news) announced Friday that it is responding to the press release issued Nov. 4, 1997 by Demsey Mork. Gary Morgan, CEO of Rocky Mountain International Ltd. stated: ''By continuing to defame the company both by outright distortion and the filing of meritless litigation. Mork is threatening the very existence of the company. Certain of these many distortion require immediate correction: 2. Mork's statements concerning the merger of Rocky Mountain Crystal Waters (RMCW) and Olympus (OVIS) are also distortive. Our public filings state that the combined asset value of the two companies, including the value of investments, and an expected $5 million financing commitment from a third party, would create a company with $21 million in assets. Pugs, from these two posts which I snipped for the sake of space, there appears a materially false statement, or a confusing statement. The first snip reflects the fact that the company asserts that it is (RMIL) a manufacturer of bottled water. On November 7th, the company advises that the merger would create a company with assets of $21,000,000. The merger has yet to take place, the company is a clothing manufacturer. As I analyze the company, I look at all the information, and try to guess how this may or may not affect the company. Based on reporting requirements, has anyone asked the authorities what the ramifications are? Are there penalty and compliance guidelines for investors to review?