To: s martin who wrote (31660 ) 12/30/1997 7:37:00 AM From: KMT Read Replies (1) | Respond to of 55532
SM / MK:You think this press release was true ? Puhr isn't Pres, American Stock isn't the TA, Hialeah and Nicaragua weren't operating at that time and the contract for water isn't for 99 years... Pugs hasn't answered you yet, but I will. No, that press release is not true. It's been verified as false by the excellent DD turned up by MK, Tonto, yourself, and others. It was put out by current management. It's a shame that just about every yeah here that hasn't sold hasn't take management to task for the information contained therein. Instead, they blast you and MK and try to put together some conspiracy theory involving the shorts, Mork, MK, yourself, and the SEC. There was plenty of time and warning for anyone holding this stock to have asked management the tough questions and to have sold before the halt. The reason the nays continue to stay here is because certain people continue to talk about this stock opening up after the halt at $3-$5. Now back to reality... This is the first halt I've followed. What chances do you give RMIL of trading in the first week of January? Is it typical of the SEC to extend the 10 day halt as some have indicated? What penalties if any are assessed by the SEC for putting out information like you pointed out in the press release that's blatanly false? Supposing that inspite of the halt, Daddy Warbucks from Asia comes through with the fuding, RMIL gets their financials filed, and the SEC removes the halt.... Do you then see it opening at $3+? Is that too big a supposition? Other then working for the SEC, is there anyway to find out what the status of an investigation is and what exactly is being investigated? Is it possible that RMIL doesn't even know what the SEC is investigating? Does the SEC halt a stock because they already have a case built up or do they halt it once they find sufficient grounds and then continue to build a case? Once halted and/or cleared for trading are they under a microscope for a period of time in which releasing anything remotely innocuous would get them in deeper kimshi? The reason I ask the last question is that in this situation I believe releasing information about funding coming in without releasing the details behind the arrangement is hype. It would give investors/potential investors a false sense of security when in fact we don't know if the deal is good or bad for the shareholder. KMT