SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?


To: tonto who wrote (37117)1/16/1998 11:04:00 AM
From: (Bob) Zumbrunnen  Read Replies (1) | Respond to of 55532
 
I see your points as quite valid, but I think an important underlying issue is that there is no bid or ask price on the stock yet, since no MM can legally give a quote yet.

It was my understanding, since the $5M is purported to have already been issued by the investor, that the deal was consumated earlier. At what stock price, I don't know....

If the deal has not already been consumated, I would think it would be impossible to do so until an MM can legally quote a price, since the number of shares issued is dependent upon the price.



To: tonto who wrote (37117)1/16/1998 11:15:00 AM
From: Just My Opinion  Read Replies (1) | Respond to of 55532
 
tonto: I seriously believe that any investor will be here with the squeeze in mind.
I believe that any one who invests here realises the potential, if a squeeze happens.
They will NOT short the stock in my opinion.
At some point in time they may, but I doubt if it will be before an enormous appreciation in price. this is where the jack be nimble's will be the smart ones.
However, I will add another scenerio.
If they don't short at any time, and look at some long term possibilties, this becomes very interesting.
RMIL can always issue class "B" stock.
Or preferred. Correct me if I am wrong, but this will in no way affect a squeeze, (assuming there is one). This enables RMIL to raise a large amount of money.
Or as an alternative thay can issue regular common, being very very careful to keep the numbers such, that the squeeze is unaffected.
Viola! Rmil now has say 50 million in the bank, leverages it, and goes and buys microsoft. No seriously, they can leverage the cash raised, and
and look for a company or companies to buy. They can branch out and become a conglomerate, using money gotten from a squeeze.
It really would be a horse laugh on the financial world.
An unknown company, on the verge of oblivion, magically transforming itself into a powerhouse, because of a bunch of maniacs on Silicon Investor.
tonto, ya gotta love this (possible) story.
I know I do, and I sure hope it comes out the good way, and not the bad way. al




To: tonto who wrote (37117)1/16/1998 11:30:00 AM
From: Mr. Dendro  Read Replies (2) | Respond to of 55532
 
Tonto: I've been wondering about this funding arrangement too. As I posted previously, there are 5,100,000 "extra" shares that have been issued, over and above the 6,684,750 shares that the merger agreement requires to be issued to RMCW. If shares are to be issued for the $5 milliion at 90% of the existing price of 1 1/16, it works out to approximately 5,100,000 shares.

If I were the person supplying the $5 million, however, I would be tempted to wait until trading resumes to finalize the deal. As has been noted by many others, stock prices usually decline after the resumption of a trading halt. Presumably, the person supplying the $5 million dollars is savvy enough to realize this. If the price were to decline to 50 cents, he or she could get 10,200,000 shares for $5 milliion, instead of 5,100,000 shares. A much better deal! For that reason, I expect, and IT IS PURELY SPECULATION ON MY PART, that the equity deal won't be finalized until trading resumes.

On the other hand, if the deal is finalized before the resumption of trading, I would take that as an indication that the person supplying the $5 million is convinced that the squeeze is about to commence and that the price will jump upon resumption of trading, a very positive sign.




To: tonto who wrote (37117)1/16/1998 11:56:00 AM
From: Ellen  Read Replies (1) | Respond to of 55532
 
Tonto, all this speculation serves no purpose whatsoever now. And that is exactly what your post was - pure speculation. I'm quite surprised at you actually in trying to instigate a useless discussion. As Allen correctly said, whatever they determine as the share price at the time of funding will not be decided on SI.

If you are that curious about it you may wish to discuss this with the company and omit your speculation from this message board.