As for the current state of RBIZ. Here is what I follow based on conversions, etc. (Do I follow news? Not really, the current CEO usually uses news to pump and bring on new $$). RBIZ (only because of the former RealMedia) has a decent idea for a product. I see Nestbuilder is live, but I doubt any real agents are using it yet (the latest 10Q shows nothing but expense, no revenue), they'll need a national contract to make it a viable competitor with any local/national Realtor site. Oh the App? I've heard talk of the "App" since, well crap, I can't remember.
If any of this does come to fruition, well I'll be a monkey's uncle (and a VERY happy one). Anyway, for now, hoping Bill will keep the gravy train flowing, this is my logic.
Do not buy > $.2
< $.15 - start considering
(start looking) - If it gets here, the sub class stock holders are gonna start liquidating faster than you can buy. So you can probably get it cheaper down the road.
< $.10 - (wipe out class D)
- Now you just wiped out the profit for "old money".
< $.05 - (wipe out class B)
- Now RBIZ just said FU to all it's sub-class equity/debt holders - NXOI all over again.
I wouldn't ever set out to hurt anyone deliberately unless it was, you know, important - like a league game or something.
Dick Butkus
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