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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 (44517)3/29/1998 10:59:00 PM
From: Hawkmoon  Read Replies (1) | Respond to of 55532
 
he can live up to his letter of intent or he won't.

Pugs,

Are you saying that all of this is based on a LOI??

LOI's aren't worth the paper their printed on. And they certainly aren't press releasable as material events.

How do I know?? Because that is what GRNO was doing as well under the faulty advice of their former attorney.

Regards,

Ron



To: Pugs who wrote (44517)3/29/1998 11:04:00 PM
From: TopCat  Read Replies (1) | Respond to of 55532
 
As usual Pugs, you have a lot more questions than you have answers.
On the other hand, you are not short of insinuations!

>>>Whether the investor lives up to his contractual obligation or not, we do know , the MM's completed their diligence on the 15c2-11's and trading can start shortly. We can trade with the $10MM or without it, we have the float in certificate form, with another 1MM shares called.<<<

I see you are now beginning to cover the possibility that the money isn't coming through. For you to do that suggests to me that the money is probably history......that true?

TC



To: Pugs who wrote (44517)3/30/1998 6:20:00 AM
From: TideGlider  Respond to of 55532
 
Pugs: A letter of intent is not a contractual obligation. Now if an investor signs a contract you have a horse of a different color.

Why don't you post the "Letter of Intent"? Why hasn't the company made any releases regarding the failure of their other dates for the cash infusion?

TG