Daddy Bigs...I see that Pugs suggested you call Puhr for information, if he doesn't answer your questions, you may want to contact the Denver NASD office to inquire about the status of Mike Puhr's affiliation. His signature on the certs indicates he is Pres of the public company. From all indications he is the one who holds the key to when the merger will be funded and funding seems to be the sticky wicket that determines when trading will resume.
To: +Riley G (19437 )
From: +PUHRTY Thursday, Nov 20 1997 12:20AM EST
Reply # of 40353
Hey! Guess what I just found.......
A letter from Dempsey Mork to the NASD to further their investigation of OVIS/RMIL.
November 18, 1997
VIA FAX 303-620-9450 & OVERNIGHT MAIL
Ms. Martha Wiseman
NASD
370 17th Street, Suite 2900
Denver, Colorado 80202-5629
Re: Complaint against Michael Puhr
Enclosures: October 8th press release
October 9th excerpt from 8-K
October 21st press release
Newspaper article
Dear Ms. Wiseman:
This is a complaint against Michael Puhr, who is a NASD broker
registered with World Marketing Alliance. Mr. Puhr works out of
Littleton Colorado and World Marketing Alliance home office is in
Tamarac, Georgia.
The basis of this complaint is that Michael Puhr is running a stock
scam. Mr. Puhr is the CEO and Chairman of the Board of Rocky Mountain International Ltd., which is the company being used.
In March of 1997, Michael Puhr was the CEO and a Director of Phoenix Resources Technology Inc., an OTC bulletin board company trading under the symbol PRTI. On March 14, 1997, Phoenix Resources sold its oil and gas assets to an OTC bulletin board company named MVP Holdings. Phoenix Resources received 4,000,000 shares of MVP restricted stock. At the time MVP Holdings stock was trading at $3.50 per share. If the 4,000,000 shares were free trading, and if there was an active market for MVP Holdings stock, the market value of these shares would have been
$14,000,000.
Shortly after leaving Phoenix Resources, Michael Puhr took over controlof an OTC bulletin board company named Olympus Ventures Ltd. ("OVIS") and changed its name to Rocky Mountain International Ltd. ("RMIL"). Mr.Puhr became the CEO and Chairman of the Board of Rocky Mountain.
On October 9, 1997, Michael Puhr, as the CEO of Rocky Mountain ("RMIL") signed and filed an 8-K with the SEC. In that 8-K (excerpt attached) Michael Puhr represented that Ro cky Mountain owned an investment of $14,000,000. Mr. Puhr has since clarified that the $14,000,000 investment is 4,000,000 shares of MVP Holdings.
On October 8, 1997 MVP shares traded thinly at $0.19 per share. On
October 9, 1997, no shares of MVP Holdings traded. If Rocky Mountain owned the MVP Holdings shares, and if the shares were free trading, and if a liquid market existed for the shares, the 4,000,000 MVP shares would be worth $760,000.
Michael Berg, the CEO of MVP Holdings states that on September 29, 1997, he canceled the 4,000,000 share certificate owned by Phoenix Resources and commenced preparing replacement certificates of MVP shares for distribution to the shareholders of Phoenix Resources.
On October 8, 1997, one day before Michael Puhr filed his 8-K, Phoenix Resources issued a press release (attached) announcing that they (Phoenix Resources) were distributing the 4,000,000 shares of MVP owned by Phoenix Resources, to the shareholders of Phoenix Resources. The release stated the distribution of these shares would be on or about October 15, 1997.
On October 21, 1997, MVP Holdings issued a press release (attached) disavowing any claim of ownership by Rocky Mountain or Olympus Ventures of MVP Holdings shares.
If Michael Puhr can take the 4,000,000 MVP Holdings shares owned by Phoenix Resources, which he can't, and if the shares were free trading, which they are not, and if a liquid market existed, which doesn't, the 4,000,000 MVP Holding shares would be worth $760,000, not the $14,000,000 stated by Mr. Puhr.
In addition to the phantom $14,000,000 investment, Michael Puhr and others are also telling investors that Rocky Mountain has a thriving water bottling business and garment manufacturing company. The truth is that the garment factory has been closed for about 7 months, and the water bottling facility has one part time employee in Ten Sleep Wyoming (see attached newspaper article).
I have filed a lawsuit against Olympus/Rocky Mountain, Michael Puhr and others who are assisting Mr. Puhr in this scam. I have also filed
complaints with the SEC who are looking into the matter. In addition I
have written to over a dozen senior officers of NASD and NASD Regulation Inc.
When Rocky Mountain blows up, certain newspapers will be quick to point out that this stock scam was master minded by an NASD broker. They will fail to mention that World Marketing Alliance has the primary responsibility to oversee the activities of Michael Puhr.
Please contact me if you need any clarification or additional
information.
Sincerely,
Dempsey Mork
45-110 Club Drive, Suite B
Indian Wells, California 92210 |
