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


To: Michael P. Weber who wrote (24648)12/8/1997 1:16:00 AM
From: michael d kugler  Read Replies (4) | Respond to of 55532
 
My understanding is that PRTI sold off their only remaining asset, the properties with the oil and gas rights to them, for 4 million shares of MVPH. MVPH agreed to make this worth $14 million. Then they somehow distributed those shares to PRTI shareholders without the $14 million promise. How, I don't know.

How could Puhr sell off the only remaining assets without a shareholder vote?

My understanding is that PRTI was going to be sanitized so someone else could incorporate into the empty shell.