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

To: TLWatson59 who wrote (36338)	1/13/1998 3:46:00 PM
From: Ellen	Read Replies (2) \| Respond to of 55532

met the REGULATORY AGENCIES' requirements and that CURRENT AUDITED FINANCIALS (specifcally a 10K for the latest reporting period) have been filed AND ACCEPTED by the regulatory agencies TL, can you show me in the rules where it says the financials must be audited? All I can recall seeing is that there must be current financials - don't remember seeing that they must be audited. Is it true that the NASD says the filings must be from sometime within the past 18 months? Many thanks. Edited: I just called and spoke with Lori. She said that per the NASD compliance dept. the filing must be one from within the past 18 months.

To: TLWatson59 who wrote (36338)	1/13/1998 10:15:00 PM
From: M Allen	Read Replies (1) \| Respond to of 55532

I called the OTC department of NASD today at (202) 728-8477 and asked what the filing requirements would be for a Reporting Company, that had been halted, to begin trading again. I did not identify the company I was asking about, but asked it as a general question. I was given a different answer than I had been given in the past. Previously I had been told that all 10K's and 10Q's had to be brought current. Today I was told that only unaudited financial statements for the last two years are required. I was told that the compliance officer assigned would look at the reasons for the trading halt and could subjectively require more information to be filed. Best to you