Reeltime Rentals Inc (RLTR)

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Well, they got me a new computer with all the bells and whistle I could ever possibly use--and more. We had a meeting and along the way one of the stockholders said: "Now we can buy all the shares of RLTR we want and take over the company." The reply was a bunch of muted uuuhhh, and aaahhh, and if we had not been in polite company ......

I replied: "What for? We can set-up a publicly traded company for less than $100K so what is the point of taking over all the baggage of RLTR?" There is always at least one in every crowd that doesn't get it. We went on to other things.

But let me ask, has RLTR ever produced more sales in one year than the total amount invested in it by its stockholders? Actually, it has not even covered that amount in its ten years of existence as a publicly traded company. And it hasn't had one red cent of revenues in several years.

Has RLTR ever declared a profit? Nope. Does RLTR have unpaid tax liabilities? Yeah. Does it have a product to sell? It appears not. Does he obtain full value when new shares are issued? Nope. Does it have investment accounts of funds laid aside for a rainy day? Nope. And much less an amount greater that the total investment of its stockholders. Has RLTR ever been sued? Many times, and loss but just can't and won't pay. Has RLTR any meaningful assets: computers, servers, office furniture, vehicles, real estate, cash, investments? Nope. Is it possible for a business barely a year old, in which the original investment was less than $20K, to be worth more and produce more revenues than a business that originally took more than 100 times as much from investors and produces no revenues? Yes.

I keep my position in RLTR just in the unlikely event that this becomes a court battle. I certainly want to have a standing in such a fight.