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

To: Arcane Lore who wrote (46313)	4/28/1998 11:59:00 PM
From: s martin	Read Replies (1) \| Respond to of 55532

Certain sections of this report sound suspiciously as if they may be <on topic> <g>

To: Arcane Lore who wrote (46313)	4/29/1998 6:26:00 AM
From: tonto	Respond to of 55532

Thanks for the update Arcane. From April 1993 through January 1994, Osheroff, acting in concert with some or all of the other defendants, engaged in a fraudulent scheme to distribute four million shares of ASI stock -- a 200% increase in the shares outstanding -- without registration. The distribution purportedly was effected pursuant to the Commission's Regulation S. The shares were issued at discounts ranging from 40% to 85% from the market price on the day of issuance, and payment was not made until after the shares were resold in the United States. The distribution included three million unregistered shares that were issued in the name of one Martin Clainey ("Clainey"), a fictitious foreign investor. Within days or weeks after they were issued, most of the shares were deposited into new U.S. brokerage accounts that Osheroff and Gesser arranged to open in Clainey's name, and sold at prevailing market prices. Another one million shares were issued to Bauman, S.A., a newly-formed Bahamian entity. The majority of these shares likewise were soon resold in the United States at market prices. The resale of those shares yielded illegal profits of more than $6.5 million. To increase the price of ASI stock while the distribution was underway, Osheroff and Gesser caused the company to issue a series of false press releases calculated to generate investor interest in the stock. Those releases announced interest by foreign firms in acquiring the company or making a large investment in it. The entities purportedly interested in making the acquisitions did not exist.