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


To: Just My Opinion who wrote (49381)7/10/1998 9:10:00 AM
From: PC11  Read Replies (1) | Respond to of 55532
 
Al:

I apologize if I misquoted you. I was just trying to make a point. This thread is full of strong-willed individuals (both yea and nay) who are "were??" fighting for a cause.

I warned people that this was a scam before it was halted. Luckily I was able to avoid the direct confrontations that always result from this type of statement.

A poster whom I trust (there aren't many) once stated his criteria for penny stocks. I feel that all 3 points are valid.

1. Never invest in a penny which has changed it's name. They are usually trying to hide something from the past.
2. Never invest in a penny where there is supposedly a huge short position.
3. Never invest in a penny which is claiming to be on the verge of significant international sales. They are usually trying to avoid independent confirmation.

OLPG/OVIS/RMIL failed all 3 of these criteria. This doesn't automatically signal fraud, but it's a serious warning sign for people to confirm their claims.