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

To: steve johnson who wrote (26590)	12/12/1997 11:05:00 AM
From: Buster	Read Replies (1) \| Respond to of 55532

Steve, you forgot to add the 4mil options that Morgan & Breton will be able to convert to shares and the 6mil? shares going to Rocky share holders. Buster

To: steve johnson who wrote (26590)	12/12/1997 11:07:00 AM
From: Joe Cervini	Respond to of 55532

Steve, Nice post. Then add in sales etc....and it only goes up. Right! Me and the Cog boys took up the MM's offer to get a little more this morning for 1.03. Kind of like a 2 fer sale. Get 2 shares for the price on one a couple of weeks ago. Come the new year we will be saying rememeber when it was $1 should of got more. Joe

To: steve johnson who wrote (26590)	12/12/1997 11:38:00 AM
From: Hawkmoon	Respond to of 55532

Steve, Haven't got the time to read through all the posts. However, I do commend RMIL for FINALLY issuing further details on the financing deal. After what has been made available out here on this thread as rumour/fact, the company is making "some" small contribution to informing its shareholders. They have more to do like get a handle on the actual # of shares available out there. Notice that stock(?) is being transferred. Depending on the company and the actual value of this stock (which if public, will flutuate) they may or may not meet AMEX requirements or even Nasdaq's. This will need to be clarified. If aother form of equity, then they will require verification of worth. For instance, property would have to assessed for value. GIFS again tried to claim a defunct gold mine as an $18 million asset with claims fo $180 million in gold reserves. Pay attention to this and get clarification. However, I do see a potential problem with the CASH not becoming available until Jan, 98. This company needs cash, not equity, for them to commence(?) construction of the "modern bottling facility" in Ten Sleep. A one month delay in delivering cash is a red flag for me (would you expect anything less?? .. :0) since Morgan stated that the deal would be completed by the end of November. Transferring equity would be a more complicated issue than merely transferring cash into an account. This potentially alerts me to qualms on the financiers part regarding dedicating his cash. ie: if he was "gung-ho" about RMIL, he would have no qualms advancing the cash immediately to provide the necessary working capital. Transferring assets is complicated and requires verification of the book value of those assets in order to properly account for them. Cash speaks for itself. JMHO, Ron Have a great weekend. Off on a business trip.

To: steve johnson who wrote (26590)	12/12/1997 1:00:00 PM
From: Emec	Read Replies (1) \| Respond to of 55532

Steve, Incredible valuation theory! Never seen anything like it! Maybe I am just a dumb CPA but I never heard it said before that adding debt increases the value of the company, ie shareholders equity. I seem to remember from accounting for morons 101 that assets =liabilites + shareholders equity. If you add $5,000,000 in cash which is debt, assets and liabilites both go up and there is no change to shareholders' equite (value). If RMIL were to liquidate the day after they receive the $5,000,000, the debt holder gets the $5,000,000, not the shareholders. Just thought I would clarify that for you, even though I am a moron attorney/CPA according to this thread.