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


To: Skeeter Bug who wrote (27330)12/14/1997 10:38:00 PM
From: michael d kugler  Read Replies (1) | Respond to of 55532
 
Remember this one? Press release after 30 for 1 reverse split.

"This action was designed to enable us to meet NASDAQ's Small cap Qualifications" noted Olympus Chief Executive Officer Gary Morgan, "as well as reduce our float"

Of course, the small cap listing never happened, and the float got a bit bigger when the company diluted the stock by about 70% by issuing themselves another 2 million shares.