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The good news it's been around since at least 2011! That has to mean something, they have to be doing something right. Education a huge industry - it'd be nice to know the transformation of Room21 over this period of time.
booya. 46 go go go
I'm gonna call 'em up and tell them to fix the share structure. Could you imagine? Hopefully with the merger, they will do that. It makes sense if the insiders want to make money.
believe me, I want to see the copper too and maybe more. Best thing that could happen is the announcement of a profitable, legit business and of course the cancellation of shares.
Ha, I didn't sell one share. Granted I don't have much. Only 500,000 shares, so what's the point of selling.
Actually I did not. lol
irrationality coming in. too much uncertainty
never seen so much excitement on news of reformation of a mystery business.
I called those bozos at IVS. Guy couldn't put two words together.
Would have actually been great if they reinstated their 'hurricane resistant material' business prior to Harvey. lololol!
Exacrly. Custodial RMs are usually very shady. Don't get me wrong, hope this flies, but I'm not expecting anything earth shattering or disruptive. Even a slightly profitable company would be a homerum. I could care less about what the business is given it's current share structure.
A real, viable, profitable company.
bitcoin will set it off. best case scenario - bitcoin payment solution for cannabis companies! lololol!!!!!!!!!
You mean with a 1:500 reverse split?
Officially house money! Letting rest ride! gl to all...i'll be back. thanks for all your dd. this hit my radar in a screen of mine, but so much more info found here.
man you are negative. give it some love. it's got a chance to go to $1 before it goes back to $0.05.
no sir, the pro forma did not even come out yet...this thing is just getting started if any inkling of profit. the more I read, the better this gets. riding this to at least $1
You try calling the company? I got to a tech guy that had no clue and left several messages for IR.
depends on your broker. borrow interest can cut into your earnings.
"faith"?...no pun intended I take it. I wish investing on faith was all that is needed to be successful. That would make everything so much easier.
CBN is not paying. They are on a trial basis. No guarantees of Revenue, nor has RAYS even discussed their revenue model.
The report is quite comprehensive. 40 pages long, so I don't think lack of research is the problem here.
http://geoinvesting.com/companies/duediligence/raystream_rays_pump_and_dump_report_december_2011.aspx
A new Pump and Dump Report on RAYS.
GeoTeam's Raystream (OTCCB:RAYS) Update...
Investors who have placed long bets on Raystream (RAYS) should know that the SEC is stepping up its efforts to get in front of pump and dump schemes taking place on U.S. shores…
Dec. 20, 2011
SEC Charges California Company, Co-CEOs, and Attorney in Series of Fraudulent Schemes Pumping Company Stock
[...] Mitchell J. Stein was controlling most of the company’s business activities, hiring promoters to tout Heart Tronics stock on the Internet, and reaping nearly $8 million from secret trades that he orchestrated unbeknownst to investors. [...]
Dec. 16, 2011
SEC Charges Daniel “Rudy” Ruettiger and 12 Others in Scheme to Pump Stock in Sports Drink Company
Some issues referenced in this case include:
-False and misleading statements in press releases, SEC filings, and promotional materials
-A product claimed to be "something special" and to outperform the other competitors
-Selling unregistered shares to investors
-Panamanian companies that sold shares during the scheme
-A person who has inspired a motion picture(Daniel Ruettiger)
In addition to the fact that RAYS has not disclosed that is has already lost one of its three alleged customers, we could not help notice the parallels that each one of the points above has with the RAYS case.
False and Misleading Statements
Again, RAYS clearly stated in its SEC filings that “No other company specializes in HD compression technology.”We found this to be false.
Special Product
RAYS is portraying itself to be a pioneer in video compression when it is in fact relying on already existing technology.
Unregistered Shares / Convertible Loan
On September 19, 2011 after only two months of possession of its loan and with essentially no trading market for RAYS shares, Unlimited Trade (largest and newest shareholder) opted to convert its loan into 5 million (unregistered) shares of common stock at $0.40 (equal to $2 million or the amount of their original loan), well below the going market price of RAYS at the time.
Famous Character
There was a movie made about Tan Siekmann, an individual tied to Unlimited Trade, Raystream’s largest shareholder. Siekmann’s past is checkered with failed businesses, one of which eerily shows characteristics of a pump and dump scheme of its own.
Panamanian Company Ties
Information on Panama-based Unlimited Trade brings to light questionable share transactions seemingly structured to line the pockets of various parties.
While other truth seekers have already touched upon the RAYS story, we have gone a step further to point out information that investors MUST read to learn about the web of deceit constructed by RAYS and certain parties. Because we know that RAYS will continue to assault the public with information on its role in “revolutionizing” video compression technology, we intend to go step for step with the company so they cannot escape the legal consequences of their actions.
See entire report here: http://geoinvesting.com/companies/duediligence/raystream_rays_pump_and_dump_report_december_2011.aspx
Disclosure: Short Rays