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


To: Ali Asad who wrote (23970)12/5/1997 11:46:00 AM
From: Jeff Harrington  Respond to of 55532
 
Word has gotten out that 4 companies that were given (to hold for collateral, not to sell) 50 million shares of EUTO stock have leaked some or all of that stock into the float. The company sent a letter December 1, saying that they want the stock back and are exercising their right to buy it back at .00375 a share.

Speculation is that some company is dumping to get the price down.

Back to RMIL matters...



To: Ali Asad who wrote (23970)12/5/1997 11:51:00 AM
From: Pugs  Respond to of 55532
 
Ali, remember when EUTO was about a penny a share? A group of investers bought large blocks. The price rose to about $.25, one or some of the investors sold ( Matty knows about that kind of thing), Other investors panic sold, and the stock has stayed at around $.09 forever, until it was discovered that there were 50,000,000 new shares in the float. The co.lawyer is suggesting that the co.'s must buy back the 50mil. .....but, DD would suggest otherwise. Those who believe the shares are here to say may be the ones selling., Pugs



To: Ali Asad who wrote (23970)12/5/1997 12:04:00 PM
From: Jack of All Trades  Respond to of 55532
 
"What is the story with EUTO; why has there been such a dramatic drop in stock price?"

If you want the story go to the EUTO thread this is RMIL!!!!!!

JeffG