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

To: Jeff Harrington who wrote (47256)	5/21/1998 11:17:00 AM
From: Pugs	Read Replies (1) \| Respond to of 55532

Jeff, The buyer I hooked you up with has been unsuccessful attempting to purchase your shares. Waterhouse said the transaction would be illegal w/o going thru Hill-Thompson (?)...Call your broker, call me, this guy will buy them at $1.25, but, has been fighting with your clearinghouse over this. Pugs

To: Jeff Harrington who wrote (47256)	5/21/1998 11:22:00 AM
From: Pugs	Respond to of 55532

.... the margin requirement for any short position depends on the last trade price or if marked-to-market the last offer price. Apparently Mork minions have managed to collapse the price down to $0.10 to greatly reduce the amount of money neeeded to meet their margin obligation. It is very likely that the money previously needed for margin has been moved to oversea accounts. Then if trades occur at greatly higher prices Mork can just declare bankruptcy and someone else has to come up with the money. IMO, anyways.. How did the transaction at $0.10 occur???? Whoever did this should have run into the same difficulty we had, namely there is no MM quoting a bid and ask. So how did they LEGALLY get the trade done? ( did a certain broker assist in this?) How does Hill-Thompson get away with posting a bid price for RMIL?? According to the SEC announcement, no one can quote prices for RMIL until a form '211 is submitted. A "bid" is a quotation of a price at which a MM is willing to purchase shares. RMIL SHAREHOLDERS MUST COMPLAIN about Hill-Thompson to the SEC!!!. It is not clear if this would help long shareholders or if it would hurt. If the complaint is successful then Hill could not post an RMIL bid. Doesn't seem like it accommplishes much; except it might mean that Hill-Thompson will have more difficulty covering their short. PUGS SOLIDARITY