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


To: michael d kugler who wrote (29671)12/23/1997 12:09:00 AM
From: DDuncan  Respond to of 55532
 
When did the rule go into effect?
And Smartin I know it was a joke.
A reference to the fact that I did not drink before RMIL and now I go to the drinking thread first.
We don't too much mud slinging over there, a more laid back crowd. Which this thread will be very soon. What is the next one we can follow? And can we start the drinking thread and talk about it first?



To: michael d kugler who wrote (29671)12/23/1997 1:16:00 AM
From: Riley G  Read Replies (1) | Respond to of 55532
 
You fail to mention that MM's caught short in the stock have no option by to stay in the market place as long as they have a short position.

Riley G
----
To: DDuncan (29659 )
From: michael d kugler Tuesday, Dec 23 1997 12:01AM EST
Reply # of 29734

I suspect the message was posted on all available RMIL threads.

And 15C2-11 effectively means the market makers and brokers have to be reasonably assured that the financials are timely and accurate, before they can make a market in this stock. This is one of the new proposed changes coming. In the past, a marketmaker needed to file this form only once and could use it indefinitely, even if the company hadn't filed in a long time. Under the new proposal, timliness of the financials is an ongoing responsibility. The onus is being placed squarely on the market makers, who in turn, will demand that companies are current, or risk liquidity problems with their stock.