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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 (29926)	12/23/1997 2:48:00 PM
From: s martin	Read Replies (1) \| Respond to of 55532

The person who wrote this post seems to think Morgan et al lied, they have no business and no money, yet this person thinks this is still a good investment.. how's that for critcal thinking? >Date: Tue, 23 Dec 1997 10:58:41 -0600 >Riley, > >In response to your request for input, I believe that the halt is troubling. But, that being said, I don't think it has to be fatal or even damaging in the end. > >Assuming the company is clean in all of this and hasn't lied to all of us about the float and also assuming that trading resumes, I think that we can still pull this off. > >Fundamentals- I think we all knew from calling the company that several statements made in past filings were wrong, misleading or inconsistent with Press Releases. For example, the boat, Ownership of facilities they actually were leasing, not telling us that basically they were currently not doing much if any business. These inconsistencies and possible lies have always troubled me, but I thought that if the SEC kept trading going, then the company must be clean. Especially since complaints from the nays came pouring in months ago. > >I believe that the company has been broke for some time, has not been able to pay bills or honor contracts, therefore they have had virtually no business. Because of the short selling the stock has tanked and they haven't been able to raise equity capital until this recent Asian placement and loan. > >If the Asian money arrives on time and they can upgrade the water facilities, fill back orders, restart their garment business, then maybe fundamentally they will be OK and a good long term investment. > >Aside from a few phone calls, I have no way of knowing if Morgan, Breton and Lori are telling the truth about any of this. They don't have a stellar past when it comes to being truthful, but I will withhold judgement until I get the facts from the 10-K and the SEC investigation. Therefore, I think we will have to wait & see if there is any Fundamental reason to stay in this stock. > >Squeeze If your float numbers and your shares held in cert form numbers are accurate, then Fundamental analysis is irrelevant. If trading resumes and the numbers are correct, I think this halt may end up helping us. This provides 14 tradeless days to do nothing but bombard our brokers with cert requests. Also, hopefully, the SEC will either force an accounting of shares or at least press the TA to immediately honor our cert requests. Thus, if trading resumes, the squeeze may begin at the open and those who persevere will profit. > >That is my read on the situation. Therefore, I am not elated at the current situation, but I am cautiously optimistic that we can still prevail. > >All of my partially informed analysis aside, I still own close to 50K shares of this stock and I have no intention of selling for a loss. I knew that this was a sketchy investment from the start, but I committed to myself that I would either lose everything or make a hefty profit. This is high risk capital that I am using and thus I won't be crushed if RMIL becomes worthless. > >So, as long as neither the SEC nor the 10-K shows a substantial difference in float and assuming we reopen for trading on the 7th, I intend to buy at the open. I think if we all ban together and buy even a small amount of shares each, we can't be beaten. We control the stock, we hopefully own nearly the entire float, therefore if we buy & don't sell, the price can't decline substantially. If the certs keep rolling in then we should all have an extremely happy new year. > >Bottom line, I've never sold a share of RMIL and won't as long as the squeeze remains possible and/ or the Fundamental picture becomes positive. > >You haven't returned any of my last 5 e mails, I hope you will please respond to this one. Provide me with your analysis, clear up any errors in my thinking or my facts and answer the following question- > > Do any restricted shares lose their restriction and become part of the float within the next few > months? If so, how many?