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


To: RBM who wrote (35190)1/9/1998 4:39:00 PM
From: Hawkmoon  Read Replies (1) | Respond to of 55532
 
You want my honest opinion??

I won't believe it until I see it. And the SEC only administratively halted RMIL for 10 days. They have no authority for completely halting the trading or extending it even further, unless further transgressions became apparent.

Once the 10 day halt is over, it is up to the company to provide the information to the mmkrs that will meet the requirements of 15c2-11. After the form is filed, an NASD analyst reviews the application. Thus will often begin a back and forth shuffle as analyst sends back the application to the mmkrs, who provide more information and resubmit... and again, and again.

It all comes down to whether or not the SEC gives a nod to resumption of trading in this stock, and they aren't really prone to talk to us "civilians"

Regards,

Ron



To: RBM who wrote (35190)1/9/1998 5:17:00 PM
From: s martin  Read Replies (3) | Respond to of 55532
 
More exageration. I'd like to see those posts. The SEC halts trading as a warning that something isn't right and needs investigating. They don't halt stocks permanently as that would not be fair to investors who should be permitted to liquidate if they want. The expiration of a halt is not a sign that the company is not still under investigation.

>>Something else interesting to note is that almost every NAY on the board said when we were shut down, we weren't going to reopen and the SEC would keep hitting us with extensions until the cows came home...So why, (if it is a scam) in the world would our friends at the SEC allow this scam to re hit the boards, wouldn't they just continue the shut down like all our friends told us? Whad'ya think.<<

Rob

RBM I would like to see you re post all those messages from the Nays