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


To: J Krnjeu who wrote (29651)12/22/1997 11:33:00 PM
From: TopCat  Read Replies (1) | Respond to of 55532
 
JK,

<< The halt is for 10 days and 10 days only. It will NOT be extended!>>

So you are saying that if the SEC comes up with some negative findings that the halt will end no matter what......I doubt that.

TC



To: J Krnjeu who wrote (29651)12/22/1997 11:57:00 PM
From: Pugs  Read Replies (2) | Respond to of 55532
 
JK
You should also add that the MM' that have made the Market for RMIL can choose to wash their hands of RMIL, they just have to settle their short positions and leave,...so who d'ya think will be making the market for RMIL when trading commences in 10 days? I think the line-ups will remain the same!
Also, the co. informed me today that the SEC requested their financials, which are late. The co.'s lawyers are responding to the SEC request. Isn't somebody elses' co.'s financials even later than RMIL's? In the meantime RMIL has confirmed that the $5MM is still due by the 24th and the halt hasn't changed that at all. RMIL longs are united, you'll notice the volume when it hit $1/share, we weren't selling. There will be no panic selling from RMIL longs and, in fact, if they are able to drop the price , we'll increase our position and demand our certs, the halt in no way effects the squeeze. Like any RMIL MM who wants to pull up stakes, they still gotta cover. We'll see in 9 more days , won't we?, Pugs