Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 (39932)	2/2/1998 5:41:00 PM
From: Joe Master	Respond to of 55532

Thanks (EOM)

To: tonto who wrote (39932)	2/2/1998 6:15:00 PM
From: KMT	Read Replies (3) \| Respond to of 55532

Tonto: FWIW, I don't think you've lost any objectivity. I think it's been lost by the majority of the cartel. It seems quite hard to find any person outside the cartel willing to support the cartel party line: 1. There is a 5-6MM short position. 2. There are no problems with the SEC, all they wanted was the 8K. 3. The money is a done deal, even if they don't have it yet. 4. The fundamentals are great. The empirical evidence supports the exact opposite position on this stock. Actually, Tonto, I'm surprised at how much you are willing to give them slack. The most erroneous assumption to me appears to be the 256 missing shareholders and applying to them the average of 12,451 shares each. I don't doubt the number of shareholders, but the average is very skewed IMO. It's much more likely that the majority of the shareholders on RG's list are post-rollback share holders. Thus the average of the missing shareholder should be rolledback giving them an average of 400 shares. That makes the missing shares aroun 100K instead of 3MM, which is much more likely. With those numbers it gives you a short position of aroun 1MM shares instead of the imaginary 6MM. Now management reports that 1.2MM shares are locked up. Given that management can't be trusted, this number needs to be independently verified. No one's been able to do that yet as far as I can tell. I don't doubt naked shorting was going on. However, the short squeeze was advertised long enough that any professional shorter would have been able to cover by now if they wanted. I doubt there's much if any short position left, all though I'm willing to be off by a 100-200K or so. Regards, KMT