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


To: Sid Turtlman who wrote (26846)12/12/1997 7:55:00 PM
From: michael d kugler  Respond to of 55532
 
There are some who share your sentiments. Did you see the profits came from debt forgiveness?



To: Sid Turtlman who wrote (26846)12/12/1997 7:55:00 PM
From: TideGlider  Respond to of 55532
 
I said that once and had no where near the history. If you read this
thread for the last few months it appears the buisness id=s to sell
stock. The share holders only talk about a squeeze when there are
probably as many shares of this company as some mid caps.



To: Sid Turtlman who wrote (26846)12/13/1997 7:49:00 AM
From: tonto  Read Replies (2) | Respond to of 55532
 
Sid, "The one thing that stood out was in the cash flow statement--taking in cash from the sale of stock, and calling it part of cash flow from operations, rather than cash flow from financing.
That would only be legitimate, I suppose, if the company's actual business was selling stock to investors. Hmmmm..."

Once again, the previous financials are irrelevant to this story. The errors are numerous, and reflect upon management. Divisions are written off,cannot be secured nor located, then 3 months later Morgan spends the weekend in Jamaica reviewing the refurbishing of their flagship, Pilar del Caribe and commenting on how important it is. Yet, the physical evidence and history are different.

This gets down to Morgan, current financials, and the SEC. Contracts regarding the merger are being filed along with the financials. The SEC ia aware of RMIL via different sources and are following the company.

One can only imagine what they may think about the Pilar statements, the ownership of factories,...