Wednesday, February 16, 2011 12:31:15 PM
Eyes are rolling
Maybe Rouchon thinks he can get RCHN bakk to $1+ like it was on Nasdaq a few years ago. I don't know wutt advice hez getting, but hez not going to get anywhere near that Valuashun on tha pinks or otcbb with the exxxxisting Swiftek biz, no matter wutt tha PE, maybe 25-50 centz tops with maxxxximum promo.
And his cash flow was -$90k last Q he had to borrow frum tha bank(why didnt he just sell sum stokk if he was going to stikk with Swiftek in this shell?), nnn with hiz rent going frum $17k in 2010 to $70k in 2011 the kash Flow will only go down,, nn tha munny is just not in this bizniss for bigbored accounting/SarbanesOxley.
He prolly payd Eade bout $25 grand to do each of the certifikashunz, so thatz $50 grand throwd down a hole since he didnt sell any stock cuz of it- UNLESS he gitz a merger out of it.
Butt,, maybe Rouchon will change hiz mind bout tha merger, after giving it a second look at the 500 bagz sitting on tha taybull cuz of tha GWAY/TSAS dealz...
RCHN cudd make a hugh payout by doing a RM with a Gold Mine or Oil Deal and taek Swiftek bakk private, The IPO Lawyer iz just a fone kall away with A Hole File Kabinet stufft full of dealz, and with LoFlote Kleen Trading shellz a Red Hott Kommodity,, but Rouchon has to make tha move NOW to take advantage of the Once in a Dekade opportunity!!
Looks like a bad move by Rouchon
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