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I agree that there are a lot of things pointing towards this potentially being legitimate. However, even if it is legit...there are MANY MANY variables that still make this EXTREMELY EXTREMELY risky.
In fact, at this point, the risk absolutely outweighs the reward in my opinion. The share price totally reflects that because smart money is most definitely not buying.
Fair enough poorboy.
I work for a $400 million, publicly traded company on the Nasdaq NM. We're a part of the Russel 2000 index. WE have trouble attracting institutional investors for various reasons.
I think smart money will stay completely away from this company no matter what they have until they get those OS shares down to a respectable level...which would be commensurate with the level of revenues.
I guess we'll have to wait and see just like you said.
Dude...we're a FAR CRY from knowing that Rim is "the real thing". This is the kind of stuff they have scammed us on in the past. At best...Rim has caught the attention of some folks. THAT'S IT. Smart money is waiting on the sidelines while the dumb money is buying before the train even changes directions.
Hey poorboy. I'm not sure if you noticed my question to you the other day.
I believe RIM will need to do a reverse split to attract large investors...and only AFTER the conversions are complete.
You disagreed...saying you feel that Rim will NOT need to get the OS share count down by doing a RS to attract large, institutional investors.
My question to you is...why do you feel this way and what do you feel Rim will do to attract those investors...knowing full well that large investors are VERY skittish...and don't like seing a new company with so many outstanding shares.
Here we have Elder telling us how safe and easy Forex and Option trading is. Now he is telling us that we are not even close to contracts and he will wait for his buying to begin. LOL Wolf is entertaining at the very least.
1. Safe and easy Forex and options trading-- Once you learn how to do it properly, it is safe and easy. WE AGREE. However, for you...you would likely lose your entire account in one or two trades.
2. Not even close to contracts--I never said that. Please point out to me where that was stated. I neither agree or disagree with that as i do not have enough information.
3. he will wait for his buying to begin. You are correct. I will do as all professionals. They wait until confirmation.
Now please tell me the point of your post. It makes absolutely no sense whatsoever.
Just short of a purchase order....OR...near a purchase order...
Looks like the same thing to me. However, I guess it really doesn't matter in the grand scheme of things. I was just going by what you said. I hope like heck they are close to a purchase order, though. After hanging on for this long, you, of all people, deserve to make some money.
Have a good one.
I'm not going to refute that one bit. It's POSSIBLE for that to have happened. However, my point was that it didn't say that in the press release.
jjz-I tend to agree on that point. Two definite possibilities here:
1. RIM already knows how the test came out and they're EXTREMELY confident in the results. They have therefore released this press statement to help prime the pump (would be an excellent idea).
2. RIM could care less how the test comes out. They're main concern being to help the debenture holders dump their shares into the volume this PR creates...with hopes they have gotten something going by the time Embarq potentially rejects the technology. This would be very short sighted of RIM although that wouldn't totally surprise me.
I'm still watching this pretty carefully. I'll catch the train ride on the way up rather than trying to call the bottom.
Have a good one brother j.
Hey Ernie. I don't operate on glossaries. I operate on good ol'common sense. This is nowhere near a purchase order. Embarq says they'll compare it to the MANY other technologies they're testing. I totally see what you're saying. However, from what we're told in the press release, this was simply an agreement for Embarq to TEST ONLY.
Does that mean they haven't already done some testing? NOPE. Does it mean they haven't already decided to use the technology? NOPE. It means that according to the press statement, they only agreed to test it right along with all of the other technologies they have in their pipeline.
Again, I feel the press statement was pretty good. However, I believe you guys may be reading way too much into it at this point. We'll need to see the filing that may come out to see the actual agreement.
Hey Ernie. A design win comes after Embarq says that they have tested RIM's tech, it kicks butt, and they have chosen the RIM tech over all the other technologies. Until then, we haven't won anything whatsoever.
Maybe that has happened already. However, there's nothing in the current PR that would indicate that at all.
Because I read the damn press statement and it said absolutely nothing about Embarq licensing the technology.
Nope...the licensing did have something to do with the tech. Like I said in my previous email, the agreement included Embarq testing the tech for viability.
However, it did not include any type of an agreement to license the actual technology itself.
Ample evidence to the contrary? I see your point. However, I totally disagree. That's just some word trickery used by management so you can dump your shares. License agreement definitely refers to the name. Part of the same agreement was for Embarq to test RIM's technology.
In other words...Brad went to Embarq and said..."hey...you guys are using a name that we trademarked FIRST. However, I'll totally sign over the rights of the name to you (the license) if you'll simply test our technology."
Since Embarq probably saw the Telecordia results, they were likely more than happy to test the tech as it may very well be a viable solution. However, there's NO WAY that "license agreement" has anything whatsoever to do with the technology other than simple testing.
As for the folks touting a design win...YOU'RE FREAKING CRAZY.
We shush up in amazement at your excitement over 1/1000th of a dollar move. lol
I hope you're right. I'd love for Rim to start making money...and then implement a stock buyback program. However, I'm no expert...and would love to hear why you believe they'll be able to attract institutional investors with a half million shares OS as a brand new company with only one pony.
Dude...you're attacking EVERYONE. It's always personal with you.
I believe the possibility exists that they may make a good company out of all of this. I just don't see how they make themselves attractive to investors until AFTER they do a reverse split. To be honest...if I were Brad, I would definitely consider doing a RS after all of the conversions were complete. I would even vote my 8700 shares in the affirmative to do it. It would be the smart thing to do IMO.
Smart move in my opinion. Even if the stock takes off...the worst thing that can happen to an investor is being rewarded after making a poor decision. I'd rather buy at a dollar on the way up than at 15 cents when there's so much potential risk.
I'd rather they get the RS out of the way...lat the share price level off...and then buy in. My opinion..an RS is definitely a possibility.
As for the argument of "missing out"...I'd rather miss a good one than take a bad one ANY DAY.
There's another positive development...one more piece of information that seems to be turning this ship around.
McCloud, will you please cut the "naysayer" bs out. It's getting old and doesn't do anything for you on a personal level. I know you're better than that.
Well hello there Brother Glance. Glad to see you and Professor Craddock are enjoying the book. I had to skip the first part of the book as I'm sure you both did as well. I learned a LOT, and have a much different perspective. I really liked the part on interest rates and money flows...and also China.
I posted a book review here. You guys could help the authors if you'd like by posting a review yourselves. http://www.amazon.com/gp/product/customer-reviews/0071464654/ref=cm_cr_dp_pt/002-9931622-1911250?ie=....
Another great example is Harry Dent. He called for a DOW 10,000 in the early 90's. He was laughed at and ridiculed for years......until it happened. He has also called several recessions properly...and currently calls for one last, final, and MASSIVE bull market. He builds a VERY strong and compelling case. http://www.hsdent.com
For winners, there's no such thing as failure...only opportunities to learn. It sounds like you have the right attitude. Now if you could just resist the temptation to lob those grenades...
Gary Loomis?
Thank you for posting your due diligence, Bill. I, for one, appreciate it.
I guess a good question would whether Telecordia was paid in cash or in stock. Surely they were paid in cash.
All they have to do is buy up a majority of the shares. Right now, they can start buying at .16. Therefore, .40 is generous at this point.
I'm not suprised at all. It's hard to have a rise in pps when so many shares need to be dumped on the market. It should pass at some point, though.
What if omeone has an average pps of $2 but we get bought out for 40 cents?
What if management dilutes the heck out of this to fund development AFTER a reverse split...while making themselves immune to the RS?
Austin- In my opinion...with the statements made in today's PR, it's not a matter of "IF" money will be available to take this to market. The main question is will RSMI be taking this to market, or will someone snatch it up with far better resources to take it to market?
A technology like this will not go undeveloped. SOMEONE will do it. Will the shareholders benefit? That should be answered very shortly.
Bill- In my opinion...I believe they have something of value. I find it difficult to refute the statements made by Telecordia.
However, I'm totally on the same page as you as far as actually bringing this to fruition. I believe very strongly that RSMI would be very wise to give it the appearance that they're taking it to market so they can get top dollar in the event of a buyout of the rights to the intellectual property.
A bullet proof poison pill provision might be wise as well.
In short, I'd much rather see a buyout as I'm not sure Brad has what it takes to make it all the way to home base with this one.
I'll second that. It changed my life as far as investing. It much more stress free when you don't try to make your "gold" work outside of what it's possible to do.
Personally...I don't see how they'll AVOID a reverse split if they're wanting this to become a respectable company. There are so many variables here that are unknown that it makes this stock WAY too much of a complete GAMBLE.
I invested in Falcon Oil and Gas last November for 50 cents. It's another one of Marc Bruner's companies. They reverse merged into a clean shell and took it public a couple months later. It now trades for over $5 and will be trading on the AMEX soon just like every other company he has ever started including Ultra Petroleum. There's just no reason for me to be "gambling" in this stock. And if I miss it...who cares. I'd much rather miss a good one than take a bad one. As is stated in "The Richest Man in Babylon", it's all about keeping your gold out of harm's way.
Heck no. I'll get in when/if the time is right. And I guarantee it'll be well after the shares from the sb/2 have finished dumping for the most part. Of couse...NEVER is a real possibility as well. Just watching for their next move. If this is real...there will be PLENTY of time to get stock if necessary.
Hey Bill. Just a question...
If a company receives a solid third party verification on an fpga prototype...and it is a very promising technology...and also there are a few large companies that get downright excited over that product...would it be fairly easy to get financing?
Not saying this is RSMI as there are obviously a few assumptions in my scenario. Let's just pretend for a moment though, shall we? What do you think?
OT: Hey there CJ! It seems like an eterinity since we met for lunch that day, doesn't it? Time sure flies. Are you still flying and selling private jets?
I'm glad I was able to make you laugh. Perhaps we should think about becoming pen pals.
You know what Excel...you're absolutely right. In fact...you keep being right with your inflexible mind. I'll be rich. Have a nice day.
Actually...your Savior came about 2000 years ago. Please don't put me up there.
Telecordia tested the tech and said it was good. I now entertain the possibility that they may actually have something of value. Is that pretty simple to understand?
Separately...I'm trying to understand how Excel feels about the Telecordia statement. Does he think they're lying? Or, does he believe they're telling the truth? There wouldn't be so many posts about it if he would answer the question. However, he refuses to do so.
So...to answer your question more directly and to the point...last week this had the appearance to me as being a scam. Since the Telecordia PR...for the first time in a few years...I'm thinking of changing my stance. That will completely depend on the information that is surely forthcoming. I won't buy this stock until I get some confirmation.
To make it even simpler than that...I'M THINKING OF CHANGING MY MIND.