Rocky Mountain Industrials Inc (RMRI)

[Big Brother]

Released 2 PRs this month...problem is they only release the news on their own website, so no one sees it and even if they did release it through newswires, they would never put the ticker symbol in there. This is one of the weirdest 'public' companies I've ever seen.....its a public company but they have a private mindset.

Has only traded 14 times in history since they completed their RM in 2015 and all those trades came back in 2022 in a 2 month span, never once seen a bidder over .12 in at least a year.

Just over all very strange company, I've seen some Chinese companies that act like this but I can't recall ever seeing a US company quite like this, that has ZERO interest in being public, yet spends a fortune in SEC filings and always files religiously.

They didn't even bother filing a name change with FINRA from RMR Industrials, Inc to Rocky Mountain Industrials, Inc and they changed their name in 2020....lol.


https://www.otcmarkets.com/filing/html?id=16884702&guid=FWN-kpD3VP_WJth
https://www.otcmarkets.com/filing/html?id=16838570&guid=FWN-kpD3VP_WJth

[Big Brother]

What a joke, these guys have more cash alone than the current MC. Too bad they don't give a shit about the shareholders or being a public company, must be some requirement by the banks, for their lines of credit, that they have to maintain SEC filings or something.

https://www.otcmarkets.com/filing/html?id=16845121&guid=xgN-kFtjc_alB3h

[Big Brother]

This ticker recently started trading, despite having completed their reverse merger back in February 2015.

https://www.otcmarkets.com/filing/html?id=10523868&guid=4i1-k6FNp6NeJth

4.4M o/s 244K unrestricted, Class B shares, MM GTSM, they do have Class A shares but I believe they are private and do not convert to Class B unless they uplist to a major exchange.

They are building a huge industrial rail park on 620 acres close to Denver.

https://www.prnewswire.com/news-releases/rocky-mountain-industrials-closes-23-000-000-commercial-financing-301553183.html

https://rockymountainindustrials.com/

http://www.rockymountainrailpark.com/

https://www.otcmarkets.com/stock/RMRI/profile

According to the last filing they apparently considering the 'fair value' of these shares to be $20.00 pps.

Stock Awards

During the three months ended June 30, 2022, the Company granted 5,000 restricted shares of Class B Common Stock, with an aggregate grant date fair value of approximately $0.1 million, to an employee. The restricted shares vest ratably over a four-year vesting period, subject to continued service and a performance condition.

On November 6, 2015 (the "Closing Date"), RMR Industrials, Inc., a Nevada corporation (the "Company") entered into Subscription Agreements (the "Subscription Agreement") with several accredited investors (the "Purchasers") to offer and sell 147,500 units of the Company’s securities (the “Units”) at $10.00 per unit for aggregate proceeds of $1,475,000 (the "Offering"). Each Unit entitles the Purchaser to one share of Class B Common Stock of the Company and a warrant (the “Warrant”) to purchase one share of Class B Common Stock at an exercise price of $12.50 with a term of five years.

During the fiscal year ended March 31, 2017, the Company entered into subscription agreements with accredited investors (the "Purchasers") to offer and sell 221,666 units of the Company’s securities (the “Units”) at $10.00 - $15.00 per Unit for which the Company received $3,124,790 in proceeds. Each Unit entitles the Purchaser to one share of Class B Common Stock of the Company and a warrant to purchase one half to one and a half shares of Class B Common Stock at an exercise price of $10.00 - $15.00 with a term of one or two years.

Conversion

Series A Preferred Stock is convertible, at the option of the holder, into a number of shares of Class B Common Stock determined by dividing (i) the sum of the Series A Original Issue Price and all then-unpaid Accruing Dividends by (ii) the respective conversion price in effect at the time of conversion. The Series A-1 Preferred Stock conversion price is $25.00 per share, the Series A-2 Preferred Stock conversion price is $21.00 per share and the Series A-3 Preferred Stock conversion price is $15.00 per share.

In the event of an underwritten public offering, public uplist, or qualified equity issuance of at least $10,000,000 in gross proceeds and a minimum price per share of $25.00 for the Company's Common Stock (“Qualified Offering”), Series A Preferred Stock shall automatically be converted into such number of fully paid and non-assessable shares of Class B Common Stock at the then effective conversion rate as noted above.