|Still a great one by Pugs...|
As of today, 3/7/98, RMIL shareholders have roughly 2MM shares in certificate form. The float is 2.17MM shares and RMIL shareholders have 3.3MM shares called for.
RMIL is merging with RMCW to make RMCW a publically traded co. in a reverse merger of a small publically traded company with a larger private company. The merger will be completed when RMIL recieves a$10MM cash infusion which RMCW has stated will be finalized by the end of March.
RMIL has completed its part of the 15c2-11's and MM's are doing their DD, when that is completed, the NASD will inform RMIL when it can trade again on the OTC BB.
In the interim, because of the large naked short position, the RMIL thread has been taken over by shareshakers who appear to be working on behalf of RMIL shortsellers. This is, after all, a non-trading BB stock . One shareshaker ,in particular, has declared that even though RMIL satisfied SEC demands with their 8K and a 10 day trading halt expired uneventfully, he was present on the RMIL thread to "punish" the co.. Of course the company he refers to is OVIS, which no longer exists, RMIL shareholders contend that this shareshaker, and the others in his 'group' are here to only shake shares on behalf of RMIL shortsellers.
Doing DD on the shareshakers in this group reveal that they have a history of posting on S.I. on threads with stocks which have a large short position or possible squeeze, they only post to slam the company, tank our investment and to shake shares for the large naked short position held by RMIL shortsellers.
They will slander and defame anyone who gets in their way. They will post ad nauseum on a thread for a non-trading BB stock, some of them have a history of posting under numerous monickers like MM's have been known to do, some will post anonymously with no EMail address, without the fear of retribution.
Shortsellers of RMIL have put out FRADULENT press releases about the company, they have hired employees , AND ADMITTED SO, to slam RMIL on the RMIL thread.
Now the gauntlet has been tossed, the shareshakers have posted their intent, they are here to "punish" us!!!
RMIL shareholders have taken out an insurance policy on their investment, We have DEMANDED OUR SHARESIN CERTIFICATE FORM!!! The only way to combat the abusive practice of ILLEGAL NAKED UNDECLARED SHORTING IS BY GETTING YOUR SHARES IN CERTIFICATE FORM!!!
This thread is intended for RMIL shareholders to have a forum to discuss their investment and the short squeeze without the relentless slamming and misinformation of RMIL shortsellers monopolizing the thread!!!