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: David R who wrote (29564)	12/22/1997 11:28:00 PM
From: J Krnjeu	Read Replies (2) \| Respond to of 55532

Mr. David R. The SEC called me back at the end of the day. The following is what they told me: 1. The halt is for 10 days and 10 days only. It will NOT be extended! 2. Your cert's are like "money in the bank". The MM will have to deliver your cert's to you regardless of the halt. If they don't have any in inventory, they WILL have to obtain them. 3. The SEC is checking out the claims the company is making, that is the reason for the halt. 4. The SEC is not checking into share holders or numbers of shorts, just the claims the company is making. 5. When I inquired amount the short position, the SEC told me this can be verfied thru outside sources, such as TA and etc. Overall, I feel this halt may turn out to be the best thing for us. I feel better the halt will allow the company to get the $5 mill in the bank and more shares to be delivered without the MM driving the price down. Also, spoke to the company at lunch and they said the money is on the way. The halt is not affecting the deliver of the money. Thank you JK