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


To: Mr. Dendro who wrote (40424)2/4/1998 8:03:00 PM
From: tonto  Respond to of 55532
 
That is great news. Are you calling the company again tomorrow for an update?



To: Mr. Dendro who wrote (40424)2/4/1998 8:54:00 PM
From: Riley G  Respond to of 55532
 
RMIL does not have to trade if the company imposes a halt on it's own stock while getting together all the information and evidence about those illegally short in the stock!

Riley G

IE.... A full accounting of were all the stock is!



To: Mr. Dendro who wrote (40424)2/4/1998 11:59:00 PM
From: s martin  Respond to of 55532
 
The SEC has imposed certain standards on the market makers. They are at risk if they vouch for a company's financial data. The filings of RMIL are inaccurate as we have seen, until such time as they seem to be in order it is difficult to see a marketmaker going out on a limb by making market in this stock which is under such scrutiny by regulatory agencies.

>>Whentrading resumes after suspension, the SEC also has the opportunity to reinforce duties on brokers who quote stocks listed on the OTC Bulletin Board or the "pink sheets". Under SEC rules, the first broker to quote such a stock-either when it is listed initially or when trading resumes after a suspension - must research financial data about the issuer and have a reasonable basis for believing it's accurate.

At a commission meeting Feb. 10, the SEC will consider beefing up those duties to require all brokers quoting an issue to do their own research and to update that information daily.<<