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

To: Riley G who wrote (32245)	1/2/1998 11:31:00 AM
From: Kurt N	Respond to of 55532

>>People tend to forget that RMIL is not the ones getting the money. Once the investors transfers the money to RMCW then we shareholders and RMIL will hear about it. RMIL is a third party to the money negotiatons, afterall to keep the tax loss carry forward, the money has to be invested into RMCW and not RMIL!<< I'll admit that the tax code is pretty complicated. Heck they made it even more complicated with the 'TaxPayer Relief Act of 1997'. But I don't see how investing the money into RMIL instead of RMCW would in any way affect the carry-over of a net operating loss. If the money is invested in RMCW, what does the investor get?? RMCW shares, which will then been exchanged for RMIL shares in order to fullfil the terms of the merger?????? Sounds backwards to me, but I'm no tax expert. Kurt

To: Riley G who wrote (32245)	1/2/1998 11:31:00 AM
From: Pugs	Read Replies (1) \| Respond to of 55532

the voice of reason.... Pugs

To: Riley G who wrote (32245)	1/2/1998 12:08:00 PM
From: tonto	Respond to of 55532

>>People tend to forget that RMIL is not the ones getting the money. Once the investors transfers the money to RMCW then we shareholders and RMIL will hear about it. RMIL is a third party to the money negotiatons, afterall to keep the tax loss carry forward, the money has to be invested into RMCW and not RMIL!<< I have questions regarding the above post. 1) It has been posted here many times that the companies have merged. The RMIL pr releases state that it is a water bottling and garment manufacturer. This supports the fact that this one entity, RMIL exists and is the effect of the MERGED companies, OVIS and RMCW. QUESTION: When companies merge they become one. RMIL is not a holding company, so OVIS and RMCW no longer are seperate reporting companies. RMCW is RMIL so, how is RMIL a third party? 2) The tax loss carryforward concern would require the current(pre merged) owners to increase the equity position for this concern to be fully relevant. In the case of new investors coming in with an equity position, the RMCW requirement to receive the funds to protect the tax loss carryforward becomes a non-issue. Is RMIL a water bottler? Friday December 12, 10:04 am Eastern Time Company Press Release Rocky Mountain International Ltd. Announces Rocky Mountain Crystal Water Inc. Has Received Confirmed Date for Funding FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 12, 1997--Rocky Mountain International Ltd. (Formerly Olympus Ventures Inc.) (OTC BB:RMIL - news) announced Thursday, Dec. 11, 1997 that the placement of $10 million in funding to Rocky Mountain Crystal Water Inc. is scheduled to take place. $5 million in equity will be transferred to the company by Dec. 24, 1997, and a $5 million loan will be transferred in the beginning of January 1998. Is the extra $5mm coming within the next 10 days? The funds were expected to be placed by the end of November of 1997, but due to technical arrangements, foreign funds were delayed. The slight delay in funding didn't compromise any negotiations or work in progress of Rocky Mountain International Ltd. (RMIL). RMIL is a bottler of pure spring and premium artesian drinking water and garment manufacturer. RMIL is focusing on manufacturing, distributing, and retailing bottled water and physical fitness garments and products, which the company believes to be one of the fastest growing and most lucrative areas in the commercial marketplace. Contact: Rocky Mountain International LTD. Roland Breton, 954/565-9292 E-Mail: ovisusa@aol.com More Quotes and News: Rocky Mountain International Ltd (OTC BB:RMIL - news) Related News Categories: food/beverage, retail Riley, can you better explain this? The tax loss carry forward ramifications, the merger completion...thanks.

To: Riley G who wrote (32245)	1/2/1998 12:21:00 PM
From: s martin	Read Replies (2) \| Respond to of 55532

Riley.... what was all of this about.. you and Pugs were reporting this as a done deal, awaiting the approval of the VP of BW. Now it appears that was not the case as reported by you. To: +Riley G (30226 ) From: +Pugs Wednesday, Dec 24 1997 12:34PM EST Reply # of 32164 >The company claims the money has been in New York for two days already awaiting some form of documentation since it is an out of the country transfer. They claim it then will be wired to Colorado and then to Florida. They still plan on all of this being completed today, but probably by late afternoon with a press release right after completion Pugs To: +Pugs (30229 ) From: +Riley G Wednesday, Dec 24 1997 12:38PM EST Reply # of 32164 All business wire releases for RMIL have to be approved by the VP of BUSINESS Wire. This happens because of the BOGUS releases from an unnamed short seller that we all know and love. Business wire wants to verify them as being REAL releases. So I don't think a release will be out on today, as many people are leaving early for the holidays and I would imagine that the VP of BW has left also! Riley G