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

To: Pugs who wrote (25104)	12/9/1997 1:43:00 AM
From: michael d kugler	Respond to of 55532

You still haven't apologized to me. And the SEC does not reveal ongoing investigations. If a complaint has been referred, that is one thing. Why not post the whole letter?

To: Pugs who wrote (25104)	12/9/1997 8:08:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 55532

Pugs, If it is as you say these investigations, if formal, would be material events requiring disclosure via press release. I suspect both companies area being informally investigated and if cause is found one or both of the companies will be crucified. We already know that RMIL has irresponsibly issued press releases regarding the status of its merger and of the "signed contract for $10 million" that has yet to materialize within the stated period time. Innocent individuals looking at this company based solely on the press releases would have a far different picture than is the current situation according to "The Cartel" who are STILL waiting for the Check 1 1/2 weeks after it was supposed to be here. Kinda reminds me of a story involving an acquaintance of mine. Seems this lawyer buddy of his has been representing a well to do International money manager. The problem is that this fella has had some financial problems and apparently has run up outstanding debts of over $15 million. But for the last 8 months he has been telling his lawyer, "The money will be deposited tomorrow, next week, the bank has it tied up and won't release the funds, the bank is holding the money for 3 days as required by its transfer policies.... etc.. you get the picture. Well now he is in hock for a cool 6 figures to this lawyer as well and the lawyer refuses to speak with him until he is paid his personal money. And the rumour is that a couple of low-brow individuals are dragging their knuckles around CA looking for him due to some of the other outstanding debts. We don't have a lot of sympathy for this guy, especially since the lawyer KNOWS he has the money.. He is just playing with it on some business deals. My point is even very wealthy individuals are loath to place their money in situations where their is considerable risk or no return (as is the case above where paying one's debts diminishes your working capital). Let's face it, these guys didn't become wealthy tossing their money towards individuals who have yet to show they can grow a company. OVIS is floundering and looking for direction and issuing press releases as currency towards a future that may or may not arrive. Letting theiar mouths write a check that their "bodies" may not be able to cash. The garment industry must be having problems as indicated by comments out here, but even so if it was successful their would be a quarterly report filed. BTW, a bit of confidence building information would be to that Morgan and Breton discuss the 12 other companies that Morgan helped to bring public. (as I recall) How many are still around?? JMHO, Ron