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


To: Skeeter Bug who wrote (37407)1/18/1998 9:59:00 PM
From: Hawkmoon  Read Replies (2) | Respond to of 55532
 
Skeeter... That would be a good start... I think it is important for RMIL shareholders to discuss the status of the company in an open manner.

Everyone seems to want to dodge the issue and concentrate on the short squeeze. But my point is.. if there is a major short position out there, it will have to be covered so long as they all hold their certs.

However, discovering the true nature of this squeeze requires RMIL management to be responsive and fully disclosing to its shareholders.

There are numerous ways in which malfeasance on the part of Management could undermine even a legitimate squeeze. The most evident of those would be for them to make a private sale of personal or corporate securities to the shorters like a private placement. This would give the company money, but would undermine the squeeze.

This company appears to be desperate for money given its lack of substantiated revenue. That could cause all kinds of special "behind the scenes" deals to be considered.

But most of all, I would like to see shareholders hold managements feet to the fire in order to get their stock trading again. The corporate entity is all that is important here. Management can be replaced and the SEC will settle with the corporation even if they don't settle with prior management. That is what you all require out here.

Responsive management that is dealing with your concerns.

Let them know that you will not tolerate any "quiet deals" that undermine your position or dilute your stock.

Regards,

Ron