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In response,
Why waste time shorting RSPG when you can select some much weaker companies like PALM, AER, ANR, GCT,BLUE, CSIQ, JMAR, OLCB, PLBC, RSYS, ROYL ?
look at the CTSX...compare it to RSPG
You still have no clue....it's ALL GOOD news from here.
Stay close to your screen in the new year when they announce the international contracts and move to the BB. My people say it's coming.
Ouch !!
Billion
Here is a list that RSPG needs to be on.
Carl, maybe you can suggest this to Harel if you are still in
communication.
It's a very informative list of Bottled Water companies worldwide.
http://www.nsf.org/Certified/BWPI/
Information on the bottled water program.
http://www.nsf.org/business/bottled_water_and_ice/index.asp?program=BottledWatIce
Scam Artist
Fill in the 5 blanks and give me "sound" truthful reasons why the stock will trade down.
1. RSPG has had many LOI's that didn't produce revenue at this time. How is that...going to drive the price down as they are signing new purchase orders and contracts?
It's all about the future... tell me WHY the future is negative.
I see nothing but potential positives at this point in the company life cycle.
If you can't fill in the 5 blanks...save the crap that you are posting. Time to grow up and act like a fairly educated adult.
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In looking at the label of the Royal Water bottle in the News article, I can't help but think that it looks geared to the Middle East.
Royal family, crowns, lettering, definately not flashy American labeling.
Mia Water, who RSW is currently bottling water for, is going to roll out it's middle east brand in a few months. Then there is the Kuwait and Israel bids.
Thoughts?
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"We haven't sold internationally yet. Right now we're bidding for a contract in Kuwait, one contract in Israel and one in China," he said. "China has a major, major water problem in terms of purity and drinking. I think very soon it will become a very big market for us."
I have read multiple negative posts with vague negative comments.
1.
2.
3.
4.
5.
Now, give me 5 concrete reasons why RSPG's stock price will go down.
Be specific or take a hike.
Well, doesn't look like any marketing material has been sent out by Maxwell.
I was looking for it in Nov-Dec.
Looks like January now.
No new announcements of fresh contracts. I would like to see a major casino make the move to RSW as the new consolidation of casinos will make it a very large contract. Station, MGM-Mirage, Harah's would be multiple million case a year business.
The BB move...love to know something about that....Hollywood, do you have an update?
Carl, if I didn't know better, I'd think that you cleared your long shares thinking that you could re-buy at a lower price. Your harsh outlook is not that of a hopeful long.
I'm skeptical of your motives at this point.
NYC--send me a private message if you get the chance, I have a topic that I would like to discuss with you.
Looks like a little tax loss selling today.
10k at the bid (1.575) is a desperation exit.
Expect additional selling into the end of the year.
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Good Information Hollywood,
We appreciate all of the accurate information provided by you and Utah Carl. Thank you....there always seems to be much more surrounding every LOI that we will ever know.
There are a few comments that I want to make about RSW.
Currently the sky is the limit as far as opportunities to sell RSW water.
We have identified structured water, flavored water, alcoholic beverages/ water combination processes, military pouches, Crystal Splash, private label water for casinos, restaurants, water distributors, foreign countries including the Middle East region, Africa and Canada.
It seems that Harel has his hands full and may want to explore the use of outsourcing a professional sales team to specifically address each area.
If the manufacturing end is actually ready....and as Utah Carl mentioned "All we need is sales"...then let's go get them !!
Sign a contract with the best Sales company you can find and let her rip.....we have the capacity..RSW continually mentions that...so let's go !!
As far as Utah Carl's annoyance about the Togo - Data deals, I agree.
The best thing that Harel Alex and Maxwell can do right now is go back and give us, the valuable shareholders, an update on EVERY ONE of the published LOI's.
They indeed approved the issuance of the information and I'm sure that it was accurate, to the best of their knowledge, at the time. But, we deserve an accurate picture RIGHT NOW. I for one, would not sell a single share after learning that a few LOI's did not work out and are no longer being pursued. That happens to the largest companies in the world every day.....Boeing, Microsoft, Dell all experience that problem.
Be honest, take them off the table and clean up the web site.
I would feel better as a shareholder to have an accurate update on every press release issued. It would actually make me more confident in the company to learn that there is STILL a chance that a deal could be closed on any of the LOI's that we realistically believe are already dead...Let's move ahead.
I congratulate RSW on all of the hard work getting the plant ready. Opening the doors to the shareholders and press put to rest any hint of RSPG being a "shell" company. It is for real !! This company is moving very fast from a development stage company into a actual revenue producing 1st stage company.
A corporate update is necessary.
Put the LOI controversy to rest...give us the current status of previous press releases today. Shelly Gold could help you write it...on second thought...
I would leave Maxwell out of it. Harel and Alex are MUCH more reputable.
Good progress has been made in these areas:
1. The improper registration is being cleaned up (Auditors were fired and the new one is correcting the SEC problems which prevented the scheduled move to the BB) the BB move must be very close at this point...there are financial releases coming daily and it is clear that we are fully reporting.
2. All rumors of a dirty, broken down plant were eliminated with the open house and water quality certification along with the additional Bromate testing.
3. We have out 1st purchase order for 99 only stores. Not a LOI or signed contract...an actual purchase order from a reputable retail customer with 223 stores.
GOOD JOB !!
---------------------------------------------
1. Now, give us an update on every LOI and company mentioned in any previous PR.
2. Announce in a PR when your first sale is completed and shipped. Continue to issue PR's every time a new order is shipped to a new client.
3. Give us a PR update on the status of the BB move.
If you take care of these few remaining problem areas...your company would be viewed in a much better light.
Step up into the spotlight and stand tall...now is the time!
Billion
Utah Carl,
I have detected a substantial change in your attitude concerning RSPG. Can you pinpoint the event that led to this new outlook on the company?...or is it your opinion that you were deceived by your contact?
Your multiple freedom of information requests and your overall response to the trepassing photographs leads me to believe that you are an attorney....why the fixation on Clark County...and can we believe your information surrounding their response?
Why the switch?
Until now, you have been a very important connection with the company and we value your input.
What has caused the change...please explain in detail.
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It's all you Sunday, Teraflop....
I'm playing in a Tournament of Champions Poker event and will not be able to make it.
I just hope that all the investors here realize that everything changes Sunday.
This development stage company is taking a huge step forward.
1. Books are getting cleaned up.
2. Real companies are making purchase orders.
3. The competitive price can't be beat.
4. Financing is in place.
5. Investors are lined up.
6. The stock price was effectively held @ 2
7. And this is the important part...they are finally revealing everything for us to see.
Hang onto your shares...we are heading up ALL next week !!
The naked short market makers are in trouble.
Very low volume recently......and 30 milion shares outstanding.
Seems that the sellers are solid and waiting for a MUCH higher price.
I would venture to guess that we are ready for a series of PR releases before and after the open house this Sunday. Naked shorts will burn on those.......
New contracts should be rolling in after the "official" grand opening of this production site.
Should be interesting.
Looking for a Utah Carl fix.
Hey Utah Carl,
How about an update?
On March 14, 2005 Michael Johnson & Co. LLC. was terminated as the Company's independent auditor. Since its engagement on November 11 2004 to its termination on March 14, 2005, Michael Johnson & Co. LLC. had acted as the Registrant's independent registered public accounting firm. The reports of independent registered public accounting firm Michael Johnson & Co. LLC. on the financial statements of the Registrant and its subsidiaries for the years ended August 31, 2004 and August 31, 2003 did not contain an adverse opinion or a disclaimer of opinion, nor were such reports qualified or modified as to uncertainty, audit scope, or accounting principles. However, such reports contained an explanatory paragraph regarding the substantial doubt on the Company's ability to continue as a going concern relating to the reports for the years presented. The termination of Michael Johnson & Co. LLC. was accepted by our board of directors.
---------------------------------------------------------
In February 2006 the Company appointed, as its new auditor, Grobstein, Horwath & Company LLP, Certified Public Accountants, whose address is 15233 Ventura Boulevard, Ninth Floor, Sherman Oaks, California 91403. The effective date of engagement agreed to by the parties was February 6, 2006.
Prior to their appointment of the new independent registered public accounting firm, the Company did not consult with the new auditor on the application of accounting principles to a specific completed or contemplated transaction, or the type of audit opinion that might be rendered on the Company's financial statements.
"Very obvious to me that Michael Johnson screwed up the original merger accounting recently uncovered by the SEC during the application process to move to the Bulletin Board."
As a result, it looks like they were fired and the new auditor re-stated the filings to qualify.
Billion
Nice close @ 2.00
Enjoy the 68 hours until the markets re-open.
Good things ahead...fresh money will be buying.
Financials are being cleaned up....BB move coming.
Open house 15 days away.
Production is rolling....more contracts being finalized.
Happy Holidays !!
I know the stock market now 14 year and I go real long on RSPG. Our people will blow away all short and rise fast to make head spin. Many contracts keep secret only to suprize later when price is going higher and you short lose all monies.
Our people will cruise you and pros win every time up to $7 share.
Weight and you will see.....and I told you early.
No problem:
I have all RSPG SEC filings sent to my e-mail as they are released.
If anyone is interested in signing up, it is free, you just need a password.
http://www.secinfo.com
Great to see RSPG moving ahead and meeting all the requirements for the move to the BB.
Also looking forward to another round of marketing material being sent out to prospective investors.
I'm on the bid for more shares @ 1.70...nothing but positive news through the end of the year.
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As discussed in note 5 to the February 28, 2006 consolidated financial statements, the Company has restated its consolidated financial statements for the period ended August 31, 2005 and will restate the quarterly reports for the quarter ended May 31, 2006. These restatements are the result of the Company's accounting treatment for the business combination of Easy.com Inc and Royal Spring Water Inc.
As of the end of the period covered by this annual report, an evaluation was carried out under the supervision and with the participation of the Company's management, including our Chief Executive Officer and our Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934). Based upon that evaluation, the Chief Executive Officer and the Chief Financial Officer concluded that the design and operation of these disclosure controls and procedures were not effective because of the material weakness discussed below. Notwithstanding the material weakness discussed below, the Company's management has concluded that the consolidated financial statements included in this Annual Report on Form 10-QSB/A fairly present in all material respects the Company's financial condition, results of operations and cash flows for the periods presented in conformity with accounting principles generally accepted in the United States of America.
A material weakness is a control deficiency, or combination of control deficiencies, that results in more than a remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected. As a result of the restatement described above, the following material weakness was identified in the Company's assessment of the effectiveness of disclosure controls and procedures as of February 28, 2006:
i) The Company did not maintain effective controls over the accounting for the business combination of Easy.com Inc and Royal Spring Water Inc.
During the quarter of the period covered by this report, there were no significant changes in internal controls or in other factors that could significantly affect the internal controls, including any corrective actions taken with regard to significant deficiencies and material weaknesses.
This is obviously what has held up the move to the Bulletin Board. They will also be re-stating the quarter ending in May 06'
Just received the re-stated quarter ending in May....
Looks Great !!
1 Million dollar credit line was obtained through an Oklahoma bank.
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SEC filing are hitting my e-mail box right now.
It looks like RSPG is cleaning up the errors previously made in their filings. I'm sure that these are a few of the things red flagged by the SEC to correct prior to moving to the BB.
Great news !!!
Reading the new quarterly report ending Feb 06' right now.
Updates coming soon.
Web site has the production video release on 12-10-2006 to mirror the open house.
Tune in
I WONDER.......If the need to amend the annual report and the incorrect accounting of the merger resulted in the SEC decision delay going to the BB?
This just may be the BIG secret..........Utah?
Billion
RSPG Annual Report is out....
http://biz.yahoo.com/e/061116/rspg.pk10ksb_a.html
NYC,
I know that you have Level II and can see what I'm seeing.
It looks like VERT is now off the offer and possibly attempting to cover some shares on the sly.
VIEW is not longer throwing up the 10K size on the ask. UBSS has backed off and our friends using FANC and SBSH are driving the car on the bid with size.
Looks like the seller moved his piece and our support can take a breather. Possibly positioning for additional marketing material and the open house bump up.
All positive...I would like to see some paint on the close.
Appears to be easy to do with this volume and the lack of selling.
Your thoughts?
Billion
VERT is on the bid....I assume that they have shorted enough.
Time to cover
Sure you will....just another scared short who is much too greedy for his own good.
We longs...weathered the drop and are solid...no selling here Jeffy Boy.
And clean up the language....we would prefer not to read that content for the ten minutes that it is up before deletion.
Love the After Hours trading up to $1.75
Up 16.75% looks good on the ticker...get use to the BIG GREEN NUMBERS.
Billion
Chunky,
Many more announcements and contracts to come.........
Billion
Time is running out to cover Jeffy Boy.........
The longs that are still here aren't going ANYWHERE...save your time...take your short profits and go bash one of those other thousand companies.
This one is for real.....psst... UBSS is now on the bid.
Looks like some of your other short brothers are throwing in the towel and cashing out.
Better not be left out...Jeffy
Did you ever think that some of the shorts will cover into additional shorting and then leave YOU holding the bag?
LOL
I've had enough of Hellz....he, or she, is nothing more than a two bit short working around the edges trying to induce some selling. "Don't buy, don't catch a falling knife, only the ignorant are buying, it's going lower, calling for a dollar a share..... whatever...I've seen these posters for years and they all claim that they don't own a share.
Right !! No substance or redeeming value.
Now, let's get back to some constructive thinking.
It is obvious to me, after gathering as much company information as possible, that both RSPG and Maxwell got ahead of themselves.
The CNBC advertising period must have been the original go point where RSPG would move to the BB and kick off their new relationship with Wall Street, its brokers and institutional investors.
Previously, there were more than enough LOI's from little known distributors and foreign countries to get attention. None of them, to my knowledge have ever been filled.
There was no way to know at the time that many of these distributors seem to be less than reputable. There was a mailer sent out which increased awareness from the Maxwell circle of investors. This helped take the PPS up over $2. The momentum was there and the price was being supported until the BB move could be completed and production kicked in.
All of this leads me to believe that a good solid plan was established to guide the company quickly into Wall Streets speculative market.
The only problem.....no production--no sales…and the move was delayed for whatever reason.
Somewhere along the way, the naked short market makers jumped on this stock. They saw it as overpriced and behind schedule. They moved in and built a substantial position. This short activity resulted in getting other money managers and big money investors interested who backed RSPG and the battle began to shape up.
Now, the crucial component was time.
RSPG had some nice momentum and price appreciation. Longs were jumping on the stock and riding it up. As it rose, the MM's continued to short. The longs bet on the BB move, the shorts banked on production and sales delays and possibly no move to the BB..
So here we are....the shorts are in the drivers seat and have a small window to drive the price down. RSPG is almost ready and set a grand opening for 30 days from today.
Production is ongoing or close…who knows!! Deals are being negotiated and closed but not announced. BB move could come any day.
This is the most exciting and potentially profitable time in a spec stocks life cycle.
Confirmed from the Hereford Chamber of Commerce....RSPG is a real company ready to go. The naked shorts have nowhere to hide and the good news is ready to flow....
Here is a hint to determine when the millions of short shares are panic covering. Look on Level II for NITE, VIEW, UBSS to be on the bid rather than the ask. That's when the price will soar and we will be flying past $4,5,6 rather quickly.
I have never seen a spec stock situation that is potentially more explosive than this one at this time...
I'm buying more everyday.
Utah Carl,
They are selling RSPG water.
Apparently they already had a distribution system set up.
Who cares who distributes it and under what name....it's all about volume sales.
Mia is then expanding in the Middle East in a few months.
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http://www.watertechonline.com/news.asp?mode=4&N_ID=63523
Look for MIA water to roll out into supermarkets....soon
Buying more.....
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The rent has already gone up.
They had a reduced amount for 3-4 months over a year ago.
Continuing to waste money with no indication from Maxwell of ANY production.
Hellz,
Give us a break....you are posting more than anyone here, yet you say that you have no position...!! Calling for 1.00-1.50
What the hell do you care where the price goes...you have no position? Yeah right.......
Non-stop negative posting and recommendations to sell...it's going to 1.00.
Take a hike....NYCHotshot, unload this clown who can't spell and uses the same o instead of 0 in his numbers as Cramer.
Posted by: hellzhub
In reply to: ChunkyMonkey who wrote msg# 2807 Date:11/7/2006 4:18:29 PM
Post #of 2827
1.oo - 1.5o <target range, if production & revenues are not underway>
Big difference Hellz....
I am long and buying on weakness.
You state that you have NO POSITION and say, "I'd buy RSPG w/ extreme caution, & sell w/o hesitation right now...heading to 1.oo"
Give me a break........
Hellz........
You are wearing out your welcome here.
Watch the advice to sell...if you have no position, what does it matter to you what people do?
Or, maybe you do have a position?
Very easy to see through your negative posts.
One more thought.........
I believe that it is a huge advantage to the longs to have someone supporting this stock.
The result will be:
1. No huge volume sell-off at this level.
2. No option for the shorts to take it substantially lower....if they are greedy and don't want to take the $1 fall off the high....or any number in between...then they risk a quick, PAINFUL squeeze.
3. Greed will turn a short profit into a huge loss if they continue to hold.
4. Bad news is baked into the price and ANY good news is obviously going to take us higher. And I'm sure that there is a lot of "good" news ahead.
Basically there is a limited amount of possible bad news at this point. Any contract is a plus, move to BB is a huge plus, partnerships, new distributors, buy-out is all possible.
I'm very happy with my position and looking to the future.
Buying more on this temporary weakness....
$61 million...not a chance with the informaion that we have.
But, perhaps it should be $200 million based on info that we do not have.
All company market cap is based on future earnings.
You can crunch the numbers all day on "projected earnings".
The market has fair value at $61 million.
You think it should be lower....so short it.
I think that it should be higher...so I'm long.
It's all about future sales, earnings and EPS as soon as we get there. Right now....everyone is just betting on the come in the dark....thanks to Maxwell.
Looks like some size is moving....20k on the ask- 32k on the bid just went off 30 minutes ago.
The way I see it....
Due to the lack of actual signed, binding contracts and the questionable production status of RSPG, we shareholders must watch market makers battle back and forth day after day.
There is definately naked shorting going on as well as an unidentified long component attempting to support the price.
Both sides employ all the "bag of tricks" to move the price their way. I do not know who is supporting the price or how big their wallet is...but they are now "on the hook" apparently for millions.
So, basically we shareholders with 10k, 20k, 50k, 100k share positions are not the "players" that matter. However, due to the large spreads created by both sides, any exit from the your position is both difficult and costly.
I am reassured that there are people on the long side who have a significant investment in RSPG. I would assume that they have MUCH more accurate and timely information that we do. As far as the naked shorting goes, they are serious trouble if actual contracts are announced and/or the company indeed moves to the BB.
The open house is encouraging in the fact that the production facility must be in pristine condition ready to "rock" or they would not allow a single shareholder through that door.
Overall, we are invested in a company that:
1. Moved very quickly with limited risk to convert a deserted sugar plant into a "state of the art" water bottling plant.
2. Are involved in a very "hot" industry.
3. Have a tremendous number of naked short shares on the hook if they can execute the trap.
4. Are actively attempting to move to the BB.
5. Have great interest in an unsually high number of market makers for a pinky...(obviously positioning themselves for a major short squeeze)and there must be a very good chance of them making it to BB where MM's will be in early for the ride.
6. Have a serious problem in the sales area. Ask yourself why they can't close a deal...Great price, great taste, good distribution, ...the only thing that I can think of is...they are not in production yet. Something is holding them up and they are not talking. Maxwell is up to their ears in the deal with RSPG and may even be guiding them and making all PR decisions....definately not a good thing for us shareholders , but may end up helping the price soar.
As spec plays go, this is a monster who is struggling to put the last pieces together and WILL not spill the beans as to which pieces are causing the problem.
Until the puzzle is complete...we are at the mercy of the brutal market maker who are playing a dangerous game to tank the shares as big money tries to maintain the price until the puzzle can be completed.
It should be a wild ride and both sides are on the clock....
Huge risk/reward on both sides with 11% spreads and wild swings on each tick.
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NYhotshot...get to work.
It's getting messy on the board.
Time to clean it up.