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IDK, but I think the company will be transforming into a formidable market opponent for some. Rather have those F-18's than an oar.
I guess if they are able to get permission and arrange that, they will put out news or a Tweet about it.
I want to believe that we need to make it over to the rails, and hold the F*%& on. Hopefully the wind sheer and waves don't separate us from the ship as it transforms from a dinghy to an aircraft carrier.
I heard last night from another shareholder who lives in Nevada and knows Lorraine very well that the company is trying to get permission from Sidoti to LiveStream the presentation so its shareholders can be a part of the convention. Not sure how that will work, but I would like to see our CEO in action.
Actually the order will more likely be
10K
Shareholder Update
Reveal of the Investment Banker
It takes several weeks after engaging a banker to "price" an offering and the company may be going through that process right now.
I think after the 10K is filed, the silence is over.
Actually, I always give credit where credit is due. And the amount of analysis by YD should not be discounted. But as much DD he has provided demonstrating one side of the story, it would be brilliant had he approached both sides. I understand why he does this (to some degree anyway), but am looking forward to future analysis from him that includes both sides.
Understood and appreciated Dave. I know how you feel.
All of the other companies paid a "fee" after they were invited to present. Please point out another OTC company that is presenting for us. This is whats meant by being fair. Your post should have read:
"The company paid a fee to Sidoti to present at the conference. All attendees had to pass initial DD reviews by the Sidoti nominating committee and that RXSF is the only OTC company presenting among 80 well established NASDAQ and NYSE companies".
The bigger unknown is which Investment Banker is behind RXSF that nominated it?
Now that is a fair assessment of things.
Shareholders, those who focus only on PPS right now have no clue how to put the pieces together to see the bigger picture. Watching PPS means only one thing, they are not longs. Period. Read into that what you want to.
They throw hissy fits if their self imposed timelines aren't met, and when they aren't met, they bitch and complain that the company isn't doing enough. They aren;t content in holding long, they just want the fast hit.
How about you piece together the facts and come up with your own timeline based on how long certain things take to get done, and let is know your thoughts.
NOT PREDICTING IT, but I feel thats a possible time for it to happen.
Just a caveat in a world that I am sure you really know nothing about. All those "business" factors go towards growth and development, and are great metrics to determine future individual investments in the market. However, you miss the big boat here. Medical Device companies start somewhere. They raise capital first, then prove out their model and products. Not the other way around. Most new Medical device companies are pre-revenue, yet attract hundreds of millions o dollars in funding, why, because their products and business model demonstrate value to initial funders. So while your metrics are right for existing companies with existing products, its irrelevant to any bankers analysis of funding an new innovative medical products company, and this is where you miss the boat.
Costs millions of dollars in development and testing medical devices, not $50K. I am going to be very curious if the company announces funding with a banker, what your analysis will be then. Wasn't worth it? Good thing for us, very smart bankers will be conducting their own analysis, not relying on yours in making their decisions. If they fund, or underwrite the funding, you will have your answer, and if you don't agree, then you can move on. Why wait though? You should just move on now. I am sure there are hundreds of other OTC companies you could feel very comfortable with.
Actually YD is of the same mindset. We invite you guys back in a few months to see who's right.
That was actually pretty funny Dave. I'll save that one for future reference. Good one.
There's actually no way to get you to be fair, so do us all a favor and sell this POS and get out of the way.
Again, prove how that hurts any shareholder position instead of just using it as a negative talking point. I asked the same of YD. Prove how that hurts the market cap. Prove how that has hurt the PPS. Prove how that has hurt the company;s ability to secure financing. Prove the negative impact overall to the company.
Then explain to us why should the architect, who is designing the building and hiring the work crews to build the building should wait until after the building is sold to get paid. THAT, my friend, is a typical day trader mentality. Management should work for free. You don't, and neither should she. Value is determined at end result. There has been no end results yet, so even the stock she got is speculative. If it ends up being worthless, she tried for years for nothing. If she is able to succeed, we ALL make out who hold shares. If you have no faith in her, sell if you own, and move on. Its just that simple.
Or is this just too damn logical for you to wrap your head around?
As far as I am concerned, PPP, Colmar, NEGS, YD could ALL bring value here if they just took the time to analyze EVERYTHING, not just the the negatives. Thats all they seem to drive towards, negativity, and then you have to question their motives. Maybe in PPP's case its frustration, but then again, why would you attack the company for no news or lack of progress on a specific timeline. Thats not a long holder, thats a day flipper waiting for his number to get out. But to incessant attacks, negative innuendo and apparent concerted effort between those few really is a disservice to the rest of us longs.
You guys seem smart enough that a balanced discussion from your points of view would carry much more meaning and credibility, because you know all the games that are played on the OTC. Instead, its a constant barrage of negative campaigning. Leaves everyone else to wonder why you are even here.
I am looking at objectivity, no subjectivity. You may be right, ut you have nothing to point to that demonstrates anything other than the stock is short. If you do, that would be helpful.
Cautious is one thing, a concerted effort to harm is a whole other story. I think everyone needs to be cautious, especially where money is involved, and freedom of thought and analysis is a welcomed part of the discussion, but when its always one-sided, it raises red flags - on both sides.
Problem is Cheeky that these guys are use to being the smartest ones on the boards, or at least they are made to feel that way when shareholders don't call them out on their BS. They are followed by mindless drones who think everything they say is the gospel.
Its only when you call them out on their BS - have them support their statements, is when you see it all crumble. They are adept at pointing to certain things that allow their narrative to take hold. Its up to the shareholders to decide for themselves, whats real, and whats BS. They look at the was, and now, instead of looking ahead. Thats the difference between day scum and longs.
So the official short list is only a daily failure to deliver? Not sure about that.
1) Short list confirms almost 70% current short
2) No demand because the company hasn't been out to create awareness
3) Wall Street can't BUY during a capital raise
thought you were a sophisticated investor.
Please provide your definition of "pegged". All we see is wild negative speculation NOT based on any actual fact. Shareholders, please make sure you understand the motives of YD. NEGS, PPP, COLMAR and the other 2-3 posters, most of which hold no positions here. A lot of half facts are being pointed to in an effort to raise doubt as to the legitimacy of decisions by the company.
The pointing to these half facts completely lack any analysis underlying ANY HARM TO SHAREHOLDERS. There has been a series of what appears to be a concerted effort by some to make you believe that there are unanswered issues that may prove the demise of the company. Thats ALL it is. They do not want to recognize progress here, they do not want to recognize steps the company is taking to achieve its stated short term goals, and they refuse to demonstrate the harm.
And the posts are designed as passive aggressive, meaning the want to open the box, but they don't want to climb inside to find the answer. They want you to draw conclusions based on their speculation. My guess is that they are trading on the discourse and doubt they create, which means losses to us.
I know how real committed shareholders post, and this group is the furthest thing.
The position you take allows you to hide behind speculation. Nothing more Dave.
Wow, was that cash Dave or more stock? I don't remember. Maybe you can find out and inform all of us. And let me get this straight, in your mind, the architect who takes 5 years to design a building and oversees its construction should only get paid after the real estate agent sells it? You have been living in the OTC world way too long.
You really need to stop this now. Address the harm in detail (you love detail) or give it a rest. If you are really looking for an answer instead of throwing up issues to create a negative inference, then call Lorraine. Its that simple. I am sure she would be happy to have a conversation with you and explain the companies reasons why things were done certain ways. But you keep avoiding getting your answer. You just want to keep raising negative inferences on why they did, or didn't do something instead of getting your answer. I don't think you are even interested in an answer, because again, this is a sick obsession for you, and if you ever got your answer, the obsession would be over.
Almost everyone on this board has spoken to, or communicate directly with Lorraine - you REFUSE to. You say you don't need to talk with her to get your answers, but the fact is, you do. And don't twist my words, which you appear to be smart enough to do occasionally.
The obsessive looking at other peoples pockets is getting old (but expected on the OTC). Exactly what direct harm has that done to shareholders? And not hypothetical Dave. Demonstrate the actual harm, because your obsessive focus on management is a misdirection away from the fact that this company is progressing the way the CEO wants to. Demonstrate how the issuance of those shares effects the companies ability to raise money. Demonstrate the effect of any direct loss of PPS since the issuance. Demonstrate how the issuance of those shares prevents the company from partnering with OEM's. Demonstrate how the issuance of those shares hurts the cap table.
You keep bringing this irrelevant point up every week, yet you fail to show any measurable negative effect to the company, or its shareholders from it. I think you are jealous that you didn't get in earlier, and that management and the group of shareholders who actually funded the company early on not only insulated themselves, but have set themselves up should the company be successful. Which to me means, we all win.
Its more than just a disagreement between how YOU would do things, and how the CEO does things. Seems much more than that.
TAD, even if they did, it would probably be temporary. Imagine hundreds of new investors buying stock over the next couple of months - don't act as if there are 10M shares in the public float - there aren't, maybe 200K shares that can be actively traded, and I bet the same, even if some S8 stock is doled out. All the worrying about driving the price down is solely a function of no awareness by the investment community. Has nothing to do with charts or allegedly no demand for the stock. Practically, the stock isn't even out there yet. Still game playing time right now, but if and when any new buying starts, we will be all smiles I'm sure.
Everyone seems to forget no matter how this is being sliced, there is basically NO STOCK to fill buy orders. You'll see. Then we can talk about demand and supply.
I'm going to give you my take on things since no one seems to have tried pinpointing what is going on.
3 months ago the CEO told us she wants to go out and raise qualified real money and uplift to a national exchange. Let's see how she is doing:
1 - The company went quiet about 3 weeks after its initial meetings in NYC
2- The Pref B's converted shares with 1 year lock ups, to get the market cap to $20M, inv. minimum
3 - S8 filed, probably to be used to add shares to float without hurting PPS, need 1,000,000 shares
4 - Silent as to Banker - compliance requires non disclosure if raising money "actively".
5 - Need 300 plus shareholders, only have 110, Sidoti Conference to introduce company to retail buy
6 - K coming out by 31st, same day as Sidoti, management in NY, most bankers in NY
7 - anything more than a $6M funding gets the company to $4M shareholder equity
So here's my take away, the company is doing what it said it would do. Its lining itself up for an application to a national exchange - its already met the min. market cap bankers seem to require, it has a mechanism to increase the float to 1,000,000 shares without affecting the PPS, its starting now to present at buy-side conferences that hopefully attracts more shareholders as well as improve PPS.
The missing piece here is the money, hence the banker. I think thats already done but I will wait to see what the news brings over the next couple of weeks. The last aspect, the money, is the key. With that, the company seems to meet the listing criteria, as well as be able to implement their business model looking at $100M in revenues in 2-3 short years.
Thats true, but Cheeky is very emotional and sometimes that gets the better of him. He is passionate and has a lot invested here, as do many other people. Thats why when we see PPP, YD, NEGS, ColMar or anyone else that takes such a negative stance, we all get upset. Especially when they say or point to certain things out of context.
Was 67% short or 2900 plus shares yesterday.
Well, presenting is one thing, and for RXSF, its pretty big to be in that company, but the real measure will be what comes from it. I think we can all agree on that.
It seems to be a very credible conference. We need to wait and see afterwards how the company is received.
well, considering that there is always a ton of selling on news, not bad so far.
Again Dave, "financing is imminent". Why do you make this up for? Your not helping your credibility here.
No one is begrudging your feelings, we are all upset this isn;t moving quickly along. But someone who is seasoned such as yourself must know in order to set things up for an uplift, there are a lot of factors that have to be managed and controlled, and accomplished. If anyone actually though it was going to be 3 months form when the CEO first announced her intentions, well, that was really unrealistic. I am frustrated as much as anyone else here.
Thanks, but I hate lawyers. They are all deal killers.
Well, if you are as smart as you lead people to believe, then you can clearly see the steps the company has taken to reach its goals, funding, uplift, etc..... lots of complaints here, all going back to the I want it now, and all of it, OTC mentality.
Who put a time frame on it? Not the company. That was created through unrealistic time expectations IMO. Trading operates much faster than business. Much faster. If your frustrated, you only have yourself to blame. If you dare slam the company now, because it started its plans, then you are the type of shareholder it can do without.
LOL, those were done to test the waters for the banker. See, you small minded sub-penny stock mentality is really a disservice to you and your 1007 zombie followers. This is why you feel comfortable bullying IHUB posters because you hide behind quasi-facts, like most IHUB "hawkers". Only trouble is you are now running into the TRUMP TRAIN, and all the BS on this board is join to stop.