SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?


To: Sajjad S. Hashimi who wrote (46253)4/27/1998 6:07:00 PM
From: Riley G  Read Replies (1) | Respond to of 55532
 
1. What do you mean by IF i ever get them.
answer:
because the magic number has been reached is is very close! IE, no legal shares left to convert into name form. TA can not issue more in name form than the total legal float!


2. Would they be of any use (in NAME form or No NAME form), i have never requested cert so have no idea about this whole thing.
answer:
Street form are basket shares (in brokerage account type 1 accounts). All shareholders must demand delivery of their RMIL shares owned. I don't think they can deliver to many more shares in name form. 200 shareholder own the whole float already, and 326 other shareholders are still missing from the list.


3. Is it worth paying $ 25 or whatever for certs of something thats
not even trading.
answer:
In my opinion. YES, it's the only way to force the shorts to cover and possible force the short MM's to start a market in the stock!


But the MM's and shorts don't want this to ever happen. Now is the time for all shareholder to take control of their investments and force action! Something those on the list have been trying to do since August-December, but we can not carry everyone, it's up to all shareholders to fight this action!

Riley G



To: Sajjad S. Hashimi who wrote (46253)4/27/1998 6:12:00 PM
From: Riley G  Respond to of 55532
 
6,684,750 Escrow for RMCW merger insiders
750,000 GM/RB salary for past 18 months
2,000,000 GM Rule 144 shares (options)
2,000,000 RB Rule 144 shares (options)
100,000 Insider J. Marcus options (144)
100,000 RMCW guarantee (Building) 144
100,000 Restricted shares to Dom. Rep.
150,000 Insider 144 legend (GM/RB)
100,000 public share stop-Zapara
2,771,081 Total public float (Estimated)

14,755,831 Total Outstanding Shares

3,281,841 Reported shares held
(510,760) Estimated shorts on list

2,729,176 Received Shares in name form
41,905 Public shares left (APPROX.)


526 Total Shareholders
200 On this list
326 Missing shareholders

16,409 Average shares owned

5,349,401 Estimated missing shares
3,281,841 Actual Shares Owned
8,631,242 Estimated shares in RMIL market

(5,860,161) Total Estimated Short Position (with missing shareholders)



To: Sajjad S. Hashimi who wrote (46253)4/27/1998 11:41:00 PM
From: s martin  Read Replies (1) | Respond to of 55532
 
Something for you to consider before paying the money for certs that it appears will never trade.

Subject: Re: Barry
Date: Fri, Apr 24, 1998 11:13 EDT
From: Ptr911
Message-id: 998042415131200.LAA24501@ladder01.news.aol.com>

I personally believe that getting your share certificates from transfer agents in general are a bad idea born from novice investors with limited knowledge. I remember RMIL as well as its other symbol OVIS and Riley G , and many of the investors who got stuck by ordering their certificates by following some so- called pied piper who was a parttime physic, lawyer, stock guru, and ex police officer I believe. When the stock stopped trading guess what?

Investors are generally better off putting their shares into a cash brokerage account if they don't want them to be borrowed by the Brokerage firm from their margin account. They don't have to pay the cost that most brokerages charge for sending certificates; They don't have to worry about the certificates being lost or stolen; They have liquidity and don't have to worry about getting their certificates safely to a brokerage if they suddenly decide to sell; and Their accounts are insured up to a certain amount to cover various problems that can occur.

Lost certificates can occasionally turn into nightmares when the company changes transfer agents and records get screwed up at the company and with the former and current agent.

I don't believe that legal shorting is in any way a problem here. I believe that illegal naked shorts are the problem for now. JMHO Getting your certificates will not stop this kind of action.
I believe that if the Dr. and reticulose meet their goals and start bringing in profits, that any substantial shorts will evaporate.
Probably the Reg S group is shorting this stock for their on greedy purposes.