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   Microcap & Penny StocksRocky Mountain Int'l (OTC:RMIL former OTC:OVIS)


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To: Janice Shell who wrote (55477)8/5/2005 3:18:58 PM
From: Riley_G-NYC
   of 55532
 
I just checked back in after all these years and still see many of the same old posters still here...

Janice is living in PA from what I heard the other day, Bill has legal troubles as well...

Well some of us have lives and have moved on from the scam called OVIS turned RMIL...

Yes, my RMIL stock is still in my account... Going nowhere fast...

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To: Riley_G-NYC who wrote (55478)8/5/2005 4:58:34 PM
From: Janice Shell
   of 55532
 
Huh? I'm indeed living in Pennsylvania, but I don't have any legal problems.

Haven't you learned by now that Pugs's "information" is usually disinformation?

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To: Janice Shell who wrote (55479)8/5/2005 6:24:41 PM
From: Riley_G-NYC
   of 55532
 
Nor do I have any legal problems... Just playing professional poker and making films these days... No stock market activity... Just own a boat load of RMIL and wondering why the FBI and or SEC did not arrest those in RMIL for the fraud press releases and SEC filings...

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To: Riley_G-NYC who wrote (55480)8/6/2005 12:10:53 AM
From: The Duke of URL©
   of 55532
 
I noticed you appeared right after the statute of limitations on stock fraud has run. :)

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To: The Duke of URL© who wrote (55481)8/6/2005 12:43:47 AM
From: Riley_G-NYC
   of 55532
 
LOL indeed, but what about the SEC testimony I gave in the RMIL matters....???

I know that many found it hard to believe that I am not, was not involved in any scams... I'm sure that Tonto, and Kuglar, and the SEC can verify this...

Next case...

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To: Riley_G-NYC who wrote (55480)8/6/2005 9:40:56 PM
From: Janice Shell
   of 55532
 
wondering why the FBI and or SEC did not arrest those in RMIL for the fraud press releases and SEC filings...

I wonder why as well. I was outraged that the Nasdaq let them start up another company. Which I imagine has gone under...

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To: Janice Shell who wrote (55483)8/6/2005 10:06:02 PM
From: Tommy Hicks
   of 55532
 
I haven't thought about Gary Morgan or Roland Breton in awhile, but remember they were involved in Dynamic Imaging Group (DYIG) (which Riley bashed BTW). I did a little checking and found that DYIG later became Greentech USA Inc. (GTEI.OB).

finance.yahoo.com

I guess it comes as no surprise that GTEI hasn't done well.

"GREENTECH USA: Losses & Deficit Raise Going Concern Doubt
---------------------------------------------------------
Greentech USA, Inc. (formerly Dynamic Imaging Group, Inc.) was
incorporated under the laws of the State of Florida in January
1999. Through its wholly-owned subsidiary, Dynamic Imaging Group,
Inc., a Colorado corporation, it is engaged in the sale and rental
of portable show displays, accessories and graphics, all of which
are used in the trade show and trade exhibition industry.

Greentech USA incurred net losses of $1,589,300 for the
year ended December 31, 2003 as compared to a net loss of
$1,205,749 for the year ended December 31, 2002. Since inception,
the Company has incurred losses of $7,133,573. Its operations
have been funded by the sale of common stock with gross
proceeds of approximately $1,000,000 since inception.
Additionally, Greentech signed convertible debentures and note
agreements and borrowed approximately $ 2,000,000 from third
parties and related parties. These funds were used for
working capital and capital expenditures.

Management believes that there is sufficient liquidity to meet all
of the Company's current cash requirements for the next
twelve months through cost reductions and increased marketing
efforts together with additional proceeds from common stock sales.
A key element of its strategy is to evaluate opportunities to
expand through acquisition of companies engaged in similar and
related complementary businesses. Any additional acquisitions
may require additional capital, although there can be no
assurances that any acquisitions will be completed. Also,
management believes that additional funding will be necessary to
expand market share.

During the year ended December 31, 2003, operating cash
requirement was $ 1,775,818, mainly attributable to the net loss
of $ 1,589,300 mitigated by non-cash charges for depreciation of
$29,065, beneficial interest on notes payable and Series A
Preferred stock of $181,647, compensation related to the issuance
of common stock for services rendered of $153,000, and other non
cash items totaling $403,008.

The independent auditors for the Company have stated that the
Company has experienced losses from operations totaling $7,133,573
since inception, has cash used in operations of $1,775,818 in
2003, and has a working capital deficiency of $814,143 at
December 31, 2003. These matters raise substantial doubt about
the Company's ability to continue as a going concern.


bankrupt.com

th

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To: Tommy Hicks who wrote (55484)8/6/2005 10:30:22 PM
From: Tommy Hicks
   of 55532
 
This may be old stuff to many but new to me.

"PROCEEDINGS INSTITUTED AGAINST GREENTECH USA, INC., INFORMATION ARCHITECTS
CORPORATION AND TEKRON, INC. FOR FRAUDULENT FILINGS
On February 11, the Commission instituted separate administrative
proceedings pursuant to Section 12(j) of the Securities Exchange Act of
1934 (Exchange Act) against three issuers to determine whether it is
necessary and appropriate for the protection of investors to suspend or
revoke the registration of their securities. The proceedings are against
the following issuers:

* Greentech USA, Inc. of Fort Lauderdale, Florida

* Information Architects Corporation of Fort Lauderdale, Florida

sec.gov

th

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To: Tommy Hicks who wrote (55485)8/6/2005 10:35:12 PM
From: Tommy Hicks
   of 55532
 
February 10 2005

The Securities and Exchange Commission has suspended trading in securities of Greentech USA, Inc. (OTCBB: GTEI), Information Architects Corporation (OTCBB: IACH) and Tekron, Inc. (OTCBB: TKRN), citing concerns about recent disclosures by the three companies. The trading suspensions, which became effective on February 10, 2005, will continue for ten days, ending at 11:59 p.m. EST on Feb. 24, 2005.

In issuing the suspensions, the SEC said that questions had been raised regarding (i) the authenticity of the Report of Independent Certified Public Accountants included in the most recent Forms 10-KSB filed by Greentech, Information Architects and Tekron, including whether the audit reports accompanying the financial statements were prepared and issued by the named auditors; and (ii) the accuracy of statements made by each of the companies in amended Forms 10-KSB/A for the year ended Dec. 31, 2003, including statements by Greentech and Information Architects that a second review of their financial statements was being performed by the auditors.

Each of the three companies has indicated that its financial statements were audited by the firm of Russell & Adkins of Oklahoma City, Oklahoma. That is not all Greentech and Information Architects have in common. Both of those companies list the same business address – 6500 NW 15th Avenue, Suite 300, Fort Lauderdale, Florida and the same telephone number, 954-545-8181. They also appear to share a director, Alfred Tracy III.


Now they have a common problem as well.


stockpatrol.com

th

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To: Tommy Hicks who wrote (55486)8/6/2005 10:50:41 PM
From: Tommy Hicks
   of 55532
 
Yes, Greentech filed for bankruptcy.

"From the June 10, 2005 print edition
Greentech USA seeing mostly red, files Chapter 11
Ed Duggan

Fort Lauderdale-based Greentech USA filed for Chapter 11 bankruptcy reorganization after revocation of its securities registration and an eviction notice from its landlord.

Greentech USA defaulted on a settlement agreement in which it was to have restated certain filings, brought others up to date and have them audited, the SEC's May 27 revocation order said.
Greentech USA was organized in 1999 and changed its name from Dynamic Imaging Group in 2003.

According to its latest SEC 10Q filing, there were 9.52 million common shares outstanding on Sept. 30. It last traded at 55 cents a share before the SEC halted trading in February.

In September, Greentech reported losses of nearly $6.8 million since its inception and said it had unpaid payroll taxes.

The mini-conglomerate's (OTC BB: GTEIQ) SEC filings said it had operating divisions or subsidiaries in trade-show displays, screen-printing and Wi-Fi systems, in addition to owning a patent in connection with a manufacturer of modular plastic housing.

In 2004, Greentech USA reported three acquisitions:

* The modular plastic housing patent from Housing Innovations for $1 million, payable in $50,000 cash with the balance in 23,750 Series C preferred shares
* Sterling Fine Arts, a printing company, for $1 million, payable in 80,000 shares of Series C preferred stock and the assumption of $200,000 in debt
* Broadband Oasis, a Wi-Fi company formerly based in Boca Raton, for $500,000 payable in 12,500 shares of Series C preferred stock

Each share of the Series C preferred stock was convertible into 10 shares of common stock, according to Greentech's SEC filings.

The SEC temporarily suspended trading of Greentech USA's stock on Feb. 10 and instituted proceedings for allegedly fraudulent filings, "due to questions regarding the authenticity of the auditor's report in the registrant's most recently filed Forms 10-KSB and whether the audit report accompanying the financial statements was prepared and issued by the auditors identified."

The company had said it was audited by Russell & Adkins of Oklahoma City.

In its May 27 order revoking registration of Greentech USA's securities by default, the SEC said Greentech's 2003 annual report contained "an auditors' report not prepared or issued by the auditors identified."

"Greentech's three most recent quarterly reports filed with the Commission contain a balance sheet comparing the current quarter with the year ended December 31, 2003, and designating the period as 'audited' when in fact it was not," the SEC said.

Roland L. Breton, 56, chairman, CEO, president and principal accounting officer of Greentech USA, did not return numerous calls and messages from The Business Journal requesting comment and explanation.

Similar false auditing charges and a stock trading suspension by the SEC were also leveled on Feb. 11 against Information Architects (OTC BB: IACH), a company that is controlled by Perceptre, which is owned by Greentech USA, according to previous Greentech USA SEC filings.

Greentech USA and Information Architects, a North Carolina-registered corporation, share the same local address.

While Perceptre, a New Mexico corporation, is not registered with the State Corporation Commission to do business in Florida, Information Architects has that registration.

Information Architects said in an April 15 SEC filing that it had reached a tentative written agreement regarding settlement with the SEC, requiring it to file certain amended reports as well as other timely reports in order to have the administrative proceedings dismissed.

The filing was signed by William Overhulser, Information Architects' interim CEO, interim CFO and interim principal financial officer. In a June 1 SEC filing, his title was COO. Overhulser did not return calls seeking comment.

The Greentech USA bankruptcy filing also has problems. The U.S. Bankruptcy Court for the Southern District of Florida issued a deficiency order for incomplete filings. The court said the case would be dismissed if a June 8 deadline wasn't met.

Fort Lauderdale attorney Thomas L. Abrams, who represents Greentech USA in its bankruptcy filing, said he had applied for an extension.

"Granting an extension is usually pretty pro-forma when there are landlord/tenant problems and the company is still in the premises," he said.

E-mail technology writer Ed Duggan at eduggan@bizjournals.com.


southflorida.bizjournals.com

th

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