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

To: Ditchdigger who wrote (37844)	1/24/1998 7:46:00 AM
From: FTJoe	Read Replies (2) \| Respond to of 55532

Didn't know RMIL was on the NASDAQ, good DD, DD. ;-) Aren't those the second tier requirements? I'm too lazy to look them up.

To: Ditchdigger who wrote (37844)	1/24/1998 3:39:00 PM
From: Michael Harb	Read Replies (1) \| Respond to of 55532

<<"(B) For continued inclusion, the issuer shall maintain: (i) net tangible assets of $2 million; (ii) market capitalization of $35 million; or (iii) net income of $500,000 in the most recently completed fiscal year or in two of the last three most recently completed fiscal years." Net Revenues $ 1,003,426 (6/30/96) $ 484,434 (6/30/95) ******Will they be able to report $500,000 in income for 1997?>> DD, 2 point FYI. These are NASDAQ maintenance requirements. RMIL is OTC-BB. (Initial NASDAQ listing requirements are more stringent than the maintenance requirements, as well) Second, OVIS had "revenues" of 1,003,426 and 484,434 for FY '96 and '95 respectively, not "income". Income for those years was a loss of $18,276,489 and a loss of $68,494. Income is what's left after taking all your expenses out of your gross revenues. This company should be pleased if it can hold on to its BB listing much less look to any of the major exchanges. mike