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


To: Pugs who wrote (40117)2/3/1998 9:30:00 PM
From: TopCat  Read Replies (2) | Respond to of 55532
 
>>Are you sure you're a lawyer?
The co. complied to the SEC concerns with the 8K, the halt expired uneventfully . What are you trying to say fellow shareholder?
Pugs<<

Pugs,

You are missing a very important point in the "halting process." The SEC press release regarding RMIL clearly states the following:

"Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule."

This has the effect of maintaining the halt until the company fully satisfies the SEC requirements. Maybe the halt "expired"....but maybe it didn't.....it's a matter of perspective. In my mind the halt does not end until the stock starts trading again.....

To suggest that the SEC is fully satisfied now ignores the requirement of Rule 15c2-11.

Of course, you can (and have) put any spin on it that you want.

TC



To: Pugs who wrote (40117)2/3/1998 11:36:00 PM
From: Hawkmoon  Read Replies (2) | Respond to of 55532
 
Pugs,

I suggest that you contact an attorney with considerable experience in securities law and investigations.

You have a lot to learn and I thought that you would have absorbed some of the more obvious points at issue here by now.

RMIL filed an 8-K. Hey... that's great. However, it in no way should be construed that the SEC has ceased looking at this company or is not investigating it.

The SEC administratively halted the company for 10 days. That is all they are allowed to do (ie: they can't arbitrarily and permanently halt trading in a stock by decree) What a trading halt sets in motion is the process of complying with Rule 15c2-11 in order for a market be reestablished.

You seem to think that the 8-K filing is all that was necessary to make the SEC go away. I have seen nothing that reflects that fact. I also don't believe that Morgan or Breton have fired their legal staff as of yet, (have they??... :0) In fact, it would be a material event for RMIL if the SEC had agreed to exonerate them in any way, shape, or form.

We haven't seen an 8-K that reflects that scenario, have we now??

And if the SEC has "blessed" this company why isn't this stock currently trading??? (ie: the company meeting the requirements of 15c2-11)

I think you know the answers and your thinly veiled attempt at misrepresentation either reflects intentional deception on your part or utter naivete.

As you so frequently like to note.... I've been there and have a little experience in these matters.

Regards,

Ron