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no reason to get snippy with me....it is what it is...and currently....the PDRs aren't selling. Doesn't mean they won't...but they aren't right now....
you have a valid point....especially if it takes as long to get the funds INTO the exchange as it does to get the funds OUT OF the exchange....
That's not quite true....there are a few here that I know of who have some for sale and have had them for sale for a few days with no action.
I was hoping there would have been more of those who COULDN'T or WOULDN'T trade on the US market. Like I said earlier, all the buyers were snapped up on the first round....hopefully the second round is near.
Well, currently NO ONE is buying on the exchange....at least not in the last 5 days....
That makes me feel better....today is the 5th day, so perhaps I'll see some action.
I've had some for sale for 5 days now...and nothing...
Perhaps now they can PR that this week starts the BIG cars and the NASCAR stars.....people would watch then....
what did it end at? .04?
I dropped mine to 110 at one point, and it still didn't sell...so I cancelled the sale. Perhaps the first round of sellers used up the existing buyers and we will have to wait for round 2.
I think the saving grace for this company is in fact a buyout...only how far into the ground will the Schaefers run it until someone steps up to buy it...and it won't be at a premium! Also, if it's a company that has some wear with all, they may just take the idea, put a different spin on it i.e. fast cars and superstars...and forget Reality Racing all together.
did you sell the 75 yet?
The product is here. The show is on the air. The share price has plummeted. You think that is normal? or warrants a half full glass?
Merchandise that people have not gotten? LOL...It will, however, be interesting to see how much Lee and Pat made off the sponsors....and whether it warranted paying people in stock rather than cash....
One thing you said is quite true: they DON'T care about me, but they DON'T care about you either. The show has gotten better, has the share price? nope!
With all due respect to that show they got on the air, isn't it just one big infomercial? Currently, RR is no different than a Proactive infomercial, with the exception that Proactive seems to be working for people who use it. Doesn't that mean anyone with the money could have gotten that 9am time slot? Don't get it twisted, the network didn't pay to get that show on which is typical with television shows.
See that's where you have me confused with the Kool-aid drinkers(I love that!). I would NOT want unsuspecting people to invest in this stock so that I can make my money back. I would want people to invest in this stock so that they can make money TOO. see the difference? that isn't happening. I made a HUGE mistake in believing in rank amateurs to do something with this concept.
I love this part, it is so appropo:
Kool Aid Stocks have stories that claim will revolutionize the world. You have heard them before, Cures for Cancer. Billions in Diamonds. A blimp that was supposed to revolutionize Wireless Communications. Big contracts with Circuit City. Recently a CEO that claimed his penny stock was worth upwards of $50/share. When these types of stocks get mainstream exposure, they suck in novice investors what I call the 9-5 crowd and the frenzy begins. Now friends and relatives are in. The message boards are packed, with multiple posts per minute. Everyone is going to hit it big. Any detractors of the company are considered ‘bashers’ or believed to be ‘illegally short’ the company. They get banned, insulted, and attacked in groups. It can get pretty ugly. As the stock continues higher, the 9-5 crowd is hooked and now looking for that ‘retirement’ profit. They have no trading experience nor do they understand what Mass Psychology (Message Board Hype) , is or what to look for on the technical side (Charts). The fortunate part is that some of these people get lucky enough to make some money, but then, almost inevitably, the GREED kicks they drink the KOOL AID and something mysterious happens, there dream investments starts to go south.
"quite well"? RR/RRGI has gone from .28 to .04 in couple of months....LOLOL...AFTER getting their show on the air....LOLOL....oooookkkkkkk!!
The concept remains a good one. I agree with you that the show needs more drama, which is why I'm asking for the living at the track segments. I don't think we will get it, though.
I agree....my in is not as high as some, and the fact that I am in the red is not what upsets me the most. I understand that everything for the most part is a crap shoot in pinkie land. HOWEVER, these are people who have a product, a great concept, and it's not being maximized. THEN, we find out that they are paying themselves in cash all the while diluting our shares. I think they want the shares to hit rock bottom, then someone may really want to buy them out cheaply. They never had any intention of being the ones to bring this to air, IMO, proof being the insanely ridiculous first couple of shows. I'm still waiting for the episodes where the drivers are living at the track. Do you think we will see that, or do you think that is a wash at this point?
true, Gerlac....
call up Arrasmith productions and ask them that AFTER you get your promo pack....
I don't blame the company for my choice to buy the stock. What I DO blame the company for is the fact that they have not lived up to their fiduciary duty to the shareholders. IF as someone has stated that they raised a lot of cash, why the dilution? Why pay themselves in cash, then undercut the shareholders by putting out more shares? Why not ATTEMPT to do something about the steadily declining share price. There may be nothing that can save it, but make the ATTEMPT. None of you can say with absolute certainty that they are doing something, just as I can't say with absolute certainty that they are not only to the extent that PUBLICLY, nothing is being done. What is going on behind the scenes, I don't know. What I DO know is right now, this is not a sound investment, and it continues to get worse.
what if they pay someone 1,000 dollars for a service. 1000 dollars is 1000 dollars. Now, what if they pay someone with 1000 dollars worth of shares, KNOWING they will not be doing anything to either maintain that value or increase that value, and the price of the shares drop, which has consistently been the case with RRGI. That 1000 dollars is now 100 dollars. I wonder if this is the reason I have not received my "free" PROMO PACK.....
How about this one:
I never heard or read about a lawsuit....just a possibility.
If I pay you to do something for me with shares that are worthless, who comes out ahead?
Flatsixer: Is it possible that the Schaefers are paying for goods and services with shares, knowing that they are not going to do much to elevate the price, thereby getting these said goods/services relatively cheap, all the while paying themselves well, thinking that if they can get the show to be at least saleable, they can walk away without having put much money in and have gotten more out, leaving the new owners to deal with the disgruntled shareholders?
I never mentioned illegal....you did....hmmmmmmm
I'm beginning to think there is truth to this friends and families posting on this board. There is no logical reason why someone wouldn't care about share dilution, unless they are getting paid another way.
Well, instead of paying themselves in CASH, why not pay for goods and services in CASH? Then it doesn't affect the share price so much.....
As if that's ever going to happen with all the inept goings on with this company......LOLOLOLOL.
Some people don't want you to mention THOSE facts. They will jump up and down when you talk about friends and families and call you out big time, yet NO ONE is talking about the fact that the company is DILUTING SHARES by paying for goods and services with them.
You don't have to read them, just because they are there. I will continue to post about the pitiful share price, Lack of advertisement, the "Corporate Office" in boca Raton, and now the share dilution by paying for goods/service with shares, all the while paying themselves with COLD HARD CASH!
Oh please....all one has to do is look at the posts you post about flatsixer in The Loop to see exactly where you are coming from. If you want me out so badly, and since this is the buy of the century, BUY ME OUT. Put your money where your mouth is, unless you don't believe in RR/RRGI as much as you proclaim...
I can voice MY opinion about RR/RRGI whenever I choose. You have the ignore option, USE IT. I see no mention of my offer to buy the shares you claim are going back to .21 cents. You don't believe that yourself...LOLOLOL....
Here we go again. " Hey everybody, let's not mention how screwed up this company is and continues to be. That way, we can get new investors in here." I don't think so. Whether you people want to admit it or not, right now this stock is a sinking ship. I will continue to voice my opinion. NOW....since you people are convinced it's the buy of the century, and that "it's going to get back to .21", I'll give you the opportunity to buy my shares at .15 cents. Come on, put your money where your mouths are, Ye of oh so much FAITH!!!
Oh, and by the way...for those of you who forked over your 16.95 for the "free" membership promo pack MORE than 6 weeks ago, Have you received it yet? I'll answer that: NO YOU HAVE NOT!!!
There is no difference between one assistant mod posting a link to an article that has nothing to do with RR/RRGI and another one doing the same, except one is considered the good guy by some and the other is considered the bad guy. The "costing us money" line is hilarious. The only people "costing investors money" is the company itself and it's amazing to me that people would want to lure unsuspecting people into this money-trap. I'm not a day-trader nor am I a professional basher. What I AM however, is someone who invested in a great concept that has been run into the ground by a bunch of inept company leaders. Once again....the stock was WORTH MORE prior to the airing of the show, which is pathetic. Some people like to make themselves into the "good guys" by trying to hide the fact that there is seriously something wrong with this company. Whether one is a day trader, night trader, dusk or dawn trader....the bottom line remains that RR/RRGI is hanging with the tidy bowl man!!
Then I'm quite sure you also reported the post Scotch made with the article about bashers, but just in case you didn't.....I did.....That article has nothing to do with RR/RRGI.