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

To: tonto who wrote (37087)	1/16/1998 9:37:00 AM
From: Just My Opinion	Read Replies (1) \| Respond to of 55532

tonto:RE: working capital: That may be true, but like the bumblee, they are still flying. :-))) al

To: tonto who wrote (37087)	1/16/1998 9:40:00 AM
From: Ellen	Respond to of 55532

Tonto, I don't believe you'll find anyone would dispute the fact that the funding is key.

To: tonto who wrote (37087)	1/16/1998 11:06:00 AM
From: Pugs	Read Replies (2) \| Respond to of 55532

Tod, $10,000,000.00 Pugs

To: tonto who wrote (37087)	1/18/1998 3:20:00 PM
From: s martin	Read Replies (1) \| Respond to of 55532

You pointed out that there are insufficient assets($281,013) to pay the current liabilites ($603,192). What other concerns do you see ? RMIL Balance Sheet info of RMCW and OVIS combined: ROCKY MOUNTAIN INTERNATIONAL, LTD. (Formerly known as Olympus Ventures, Inc.) COMBINED BALANCE SHEET AS AT JUNE 30, 1997 (UNAUDITED) ----------- ASSETS ------ Current assets: Cash and cash equivalents $ 28,351 Accounts receivable $141,860 Inventory $110,802 ------------ Total current assets $281,013 Current liabilities: Notes payable $145,531 Accounts payable $457,661 ------------ Total current liabilities $603,192 This indicates that at the time of the filing, the companies had the ability to pay less than 50 cents for each dollar owed. Working capital is generally defined as a company's current assets minus its current liabilities. It helps analysts measure a company's ability to operate and pay its bills. The company's working capital without the $5,000,000 in equity infusion via the sale of restricted 144 stock is poor.