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


To: Mr. Dendro who wrote (36640)1/14/1998 4:55:00 PM
From: Hawkmoon  Read Replies (1) | Respond to of 55532
 
Mr. Dendro,

The question is who actually subscribe to the Reg S placement.

We know it as an established practice that most Reg S placements result in the subscribers selljng short into the market in order to lock in their cash and then deliver their shares to cover.

I would suspect that this is exactly what happened in OVIS/RMIL's case.

But then again, no Yeas are interested in figuring out if the Reg S subscribers were US citizens or not.

Regards,

Ron