Friday, October 14, 2011 12:06:20 PM
1) You've got an attempt by RBTI in 2009 to bring in a $50M company in Kuchera, but that is obviously off.
2) The Kuchera attempt shows the equity that management is trying to bring in here, so the latest aquisition attempt is with Forza, of which this one is still pending.
3) Next, you've got 1 large noteholder and likely friends of mangement, if not management themselves who owns shares at PPS .15
All in all, this one is all about the Chairman Paul Gray (who is a finance guy) and his ability to strike a deal with Forza, or some other $50M company. Mr. Gray clearly has the connections and ability to do this. The .15 strike price disclosed in the latest financials for a December 2009 note shows where management is basing their equity here. It would be nice to know of any progress on Forza, or something else, but the $50M in equity goal here is clear....
IMO PPS .15 is the target.
Penny Stock Analyst, not licensed, but may as well be...
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