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


To: Riley G who wrote (44052)3/16/1998 1:09:00 PM
From: Ditchdigger  Read Replies (2) | Respond to of 55532
 
Riley,what happened to the shareshaker thread-it's vanished along with all posts to and from it? DD



To: Riley G who wrote (44052)3/16/1998 10:23:00 PM
From: Hawkmoon  Respond to of 55532
 
Riley,

Apology accepted.

As for inside information, one should mainly be concerned about information that may have a material impact on the price of the stock. However, any information that has not been publicly relayed via press releases or SEC filings seems to be "taboo" as well and is considered by regulators as an example of a select group of investors receiving what should be publicly available to one and all.

Let me relate an example for you. As I have mentioned here before, I also was a fervent supporter of a company. I did my diligence, paid numerous visits to the company and sought to bring others in to perform personal diligence so that we could all compare notes and share our opinions publicly here on SI and AOL.

I started a shareholder's email newsletter for those without SI or AOL capability, and which was open to anyone who wished to recieve it, shareholder or not. Everyone was welcome to contribute to it with pertinent and useful information. I assumed by following what I felt was sound logic, that a shareholder(s) could act as a "reporter" and write public stories on their investment, distribute them freely, while incorporating the usual disclaimers and pushing people to do their own diligence.

The entire purpose of pursuing this idea was to provide an avenue for Company management to relay information that they wished their shareholders to know and would be willing to tell them should they choose to call to inquire. We were not interested in passing on inside information that had a material impact and I did not receive copies of press releases in advance. What we did want was information that would better help us to understand the technical and business aspects of the company.

Now Riley, anyone who peruses that thread will know that we were all an active lot and their were various naysayers posting there as well. We all were willing to spread the word about our investments and openly debate any naysayers with documentable proof of their negative claims.

But we all know the SEC came in and initially inquired into that company because of the frequency of postings on the internet by its shareholders, as well as the belief that our little group constituted a private information network not available to the public at large (yes, I know that SI is publicly available to everyone with a Modem, but the regulators don't subscribe to that belief.) And we all know that once they start turning over individual "rocks", that they will inevitably discover discrepancies that they will then claim that justified their halting the stock. (I feel they have a lot of pressure on them to do this in order to justify the original halt)

Riley, basically what I'm telling you is that the more you make inquiries to the company and then relate them publicly or privately, the more damage you do to your and the company's cause. RMIL management has a duty and obligation to publicly discuss its status and the SEC expects them to do this publicly, not privately.

No one can keep you from talking with the company, but I suggest that you not relay the specifics of those conversations here on a public network that is obviously being monitored and recorded. What will be, will be, with regard to RMIL. Its future is solely in the hands of its management and their ability to meet the requirements of the SEC and NASD for them to resume trading and achieve the promised financing.

And Riley, I'm not stating with any certainty that RMIL management is guilty of intentional fraud or misrepresentation. However, the lack of current and accurate information is disturbing and negative information being presented here is compelling.

You continue to state that the 8K satisfied the SEC and that the company is free to resume trading once again. I ask you once more why RMIL management is not willing to announce this publicly?? You should not trust anyone who is unwilling to confirm what they have told you through public releases.

What efforts have you made to convince management to stop leaving its loyal shareholders in the informational "lurch"?? I would have more respect for your efforts were you to apply similar pressure as RMIL's most visible shareholder to company management. It may be time for you to explore the power you possess with regard to their disclosure.

Regards,

Ron