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Microcap & Penny Stocks : RMGG -- Ignore unavailable to you. Want to Upgrade?


To: Scorpio who wrote (909)4/10/1999 3:28:00 AM
From: Scorpio  Read Replies (1) | Respond to of 1170
 
found the news release
In addition to Litchfield Continental Ltd.'s commitment to finance RMGG's acquisition of a Chinese pharmaceutical company (see news release dated April 8, 1998), Litchfield has committed to purchase 5 million shares (25% of the issued) of RMGG from Kettle Mountain

From RMGG Web Site (not exactly up to date)
Rocky Mountain Ginseng Company Ltd.Frequently Asked Questions (FAQ)

SHARE STRUCTURE:
Shares issued: approximately 20 million
Shares in float: approximately 12 million
Shares held by insiders: approximately 5 million
Shares authorized: approximately 50 million

If they purchased the 5 mil. of shares held by insiders ... guess that would leave the float at 12 mil.

The press release that Biofarm put out stated at this time they owned 29% (guess) so I am assuming that the 14 mil. shares has not been issued yet.
Scorpio