Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Steve Borgdine who wrote (26583)	12/12/1997 10:54:00 AM
From: MZUBOZ	Read Replies (3) \| Respond to of 55532

To all: I sold today after the news release. I have been a shareholder since October of 1996. I have seen the company issue several releases regarding great things to come and then fail to deliver. Whether this was intentional deception or just over-optimism on management's part, I don't know. History does have a way of repeating itself, though, and I just don't have any more faith in Morgan and Breton being able to deliver the goods. I wish everyone here the best and I will check every once in a while. It really was a trip and I don't regret one minute of it. This will be my last post unless I decide to buy in again. Doug Massengill

To: Steve Borgdine who wrote (26583)	12/12/1997 10:57:00 AM
From: steve johnson	Read Replies (4) \| Respond to of 55532

Just some thoughts about company valuation: If the $5million in equity financing is locked up in none tradeable shares for two years then you can consider that the same as treasury stock for valuation purposes...i.e. you get the value but don't have to split the pie. So RMIL stock value added per share is $5mil/3mil outstanding shares = $ 1.67 per share. The $5 million debt financing can be thought of in the same way. Additional capital but the pie doesn't split because debt has no ownership rights (at least not normally)...so same process $5mil/3mil outstanding shares = another additional $1.67 per share. Total value added is $3.34 per share. Plus current market value of $1.12 = $ 4.46 fair value per share after the deal is complete. The question is if this company was listed on the AMEX or NASDAQ national markets would we have seen this price jump already figured into the value....or put another way..are the MM's keeping a good stock down? This analysis was based on fundamental value and lots of assumptions until we get the financials. In addition, this does not take into account the squeeze value of this company which can be significantly higher than the $ 4.46 fair value. regards, steve johnson