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

To: FTJoe who wrote (27231)	12/14/1997 3:37:00 PM
From: TopCat	Read Replies (3) \| Respond to of 55532

<<I've been doing a bit of digging in the 8K outlining the merger agreement tonight. I'm beginning to think the problem with the delay in the infusion of the $5million equity is due to the stock price declining. The merger agreement says nothing of the number of shares to be issued for the $5million but the initial announcement of the agreement said "up to 2,500,000" shares......that's when the share price was above $2. Now the price is down around $1 which would imply that around 5,000,000 shares need to be issued. The potential investor must be looking at how dilutive this issue is becoming. The company is caught in a sort of catch 22 situation IMO.>> Why don't you guys go back to my post (above) and tell me where I am wrong instead of attacking my character.....you will gain alot more respect.....at least from me. TC

To: FTJoe who wrote (27231)	12/14/1997 5:01:00 PM
From: Pugs	Respond to of 55532

Joe, It's more revealing what they 'say' (.). In the final hours at IOM we hear resident shorting broker Joel Sternberg saying the following; ___________________________________________________________________ >>>>>>Subject: Any info about Iomega (IOM)? \| Previous \| Next \| Respond \| Earnings \| Iomega Clubhouse \| To: Brian Lempel (13015 ) From: Joel Sternberg( Mike Kugler) Monday, Dec 16 1996 6:53PM EST Reply # of 39841 To All: This is another tidbit that I have heard on the street, so to speak. I heard that the agreement with Seagate was canned by Shugart because he was tired of being dicked around. He figured Iomega needed him a lot more than he needed them. I guess Iomega finally crapped on the wrong person. The exalted KE must have mistaken Al Shugart for a stockholder. Why believe me, though, when you can get the word from KE, ugh, I mean KE's hired mouthpiece at the PR firm? ____________________________________________________________ Remove Joels' name and insert Michaels ......... 10-9-8-7-6-5-4-......, Pugs

To: FTJoe who wrote (27231)	12/14/1997 5:07:00 PM
From: Pugs	Read Replies (1) \| Respond to of 55532

>>>>>>Subject: Any info about Iomega (IOM)? \| Previous \| Next \| Respond \| Earnings \| Iomega Clubhouse \| To: Brian Lempel (13015 ) From: Joel Sternberg( Mike Kugler ) Monday, Dec 16 1996 6:45PM EST Reply # of 39842 Brian, whether short covering is good or bad is a matter of opinion. On the one hand, if you were counting on a huge short squeeze driving the price way up, it is bad. On the other hand, if even the shorts are starting to cover some of their position (and I emphasize some, not all), then Iomega might be approaching something that even they consider to be a reasonable price. While I have heard, like you, that they consider the proper price to be around $6, I have been told that, given the present environment, holding out for something below $12-$15 on the downside might be fraught with too much. Unlke some longs, short sellers do want a risk premium for bearing risk, and in the case of Iomega there is a lot of risk on both sides. _____________________________________________________________ Remove Joel Sternbergs' name and insert Kugler's. 10-9-8-7-6-5-4...... Pugs