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Hi TFT,
I'd like your full and honest opinion to the following question if you dont mind, as you raised this issue, it stands to reason that you wont mind backing it up, right...?
For what reason, precisely, does Rick Berman want to avoid exposing the activities of RSDS to the NASD?
Cheers, J>
...he's a clown in stripey pyjamas at the moment... I forgot about that...
Cheers, J.
It appears I did, my apologies didnt realize there were two bluehorshoes... what would be the odds of that happening...?
Cheers J.
Damn Blue,
I didnt want to get back into it with you after our PM's, but this is just the height of hypocrisy... How the hell can you say this after what you have done on the RSDS board?
Cheers, J
Posted in Error... sorry, wrong blue horseshoe... would you believe there are two?? looks like blue is still in jail...
Cheers, J
**To my fellow board members**
I've had a very interesting and productive 24 hours.
After conducting some vigorous DD and making numerous phone calls, I put the phone down about 25 minutes ago after a very informative and pleasant, 25 minute conversation with Anthony Brandt.
It is currently 23:20 here and I would like to trade for the next couple of hours and get some sleep... I will write a post containing details of my conversation and then give it to the mods, my suggestion would be that they link to it in the IBox, so that any body who wishes to read it, may do so at their leisure. By the time you wake up tomorrow I will have forwarded it to the Mods and hopefully it will be available for you to read.
I understand that you're all anxious for news and although I believe what I have to report will reinforce confidence in RSDS, it isnt going to change the outcome of the next 3 hours, so please allow me some time to go about my business... a transcript of my conversation will be available after I've had time to put it together...
Smile chaps... I am.
Cheers, J.
...thats a scary thought dude...
they certainly feed those oklahoma boys well down there huh?
A gratuitous 'hot chick' wouldnt have gone amiss just to balance it out a bit, probably need a dozen or so to truly balance it... maybe with a dab of strategically smeared oil or even a bit of all girl wrestling... would do wonders for board marks... but I guess you cant have everything...
Cheers, J.
Lucky,
I hate to have to take issue with your post, but I will for two reasons...
The first is that you have either not read, or you failed to comprehend, the wording in the Mar 5th PR released by RSDS. The contents are quite clear, lay out precisely what RSDS has and will continue to do in relation to using equity to raise capital and hides the sum total of ZERO from Investors.
The second is that it is the persistent campaign by yourself and others on this board to reduce confidence in this company and its stock more than anything Rick Berman has or has not released which will be responsible for tanking this stock and your allegations need to be refuted with FACT, which to date I have yet to see offered by the dissenters of RSDS.
Lets look at your post line by line...
If you happen to read this post before it gets removed ... if you are going to attract new money to your company, don't you think that you are going to have to convince new money that you are soon to end dilution ... at least for a reasonable amount of time?
Why would new money come flocking into this stock when their only perception is that you are going to keep selling shares day in and day out, non stop?
Nobody is removing your posts, in fact they should stand as a monument for just how fragile your argument is without facts to back it up...
If new money comes 'flocking' into this stock it will be because they are content that RSDS has been forthright in its intentions to raise working, expense and acquisitin capital through leveraging equity instead of PIPE funding or some other type of toxic financing... do you know how easy it would be to get PIPE financing, or go to Cornell and get money? And what the potential result of a move like that would be? Here from the Mar 05th PR...
The Company has been raising equity capital pursuant to and in compliance with SEC Rule 504 Regulation D since August 2006. The Company plans to raise up to $1,000,000 and has raised $367,000 to date. The equity capital is being raised for expenses, working capital and potential acquisitions. The Company has chosen to sell its shares to only accredited investors to raise equity capital, rather than borrowing to raise equity capital. Therefore, to date, the Company has no debt from loans to raise equity capital
That seems pretty clear to me... no shadowy language there, up front and clear, he is leveraging equity in the form of cash or, given the recent increase in A/S, restricted shares for working capital and acquisitons.
Maybe you don't realize that is what you are advertising, but at the risk of offending many longs on this board ... that IS what you are advertising. Wake up, Rick, and realize that when you are so focused on securing assets at the expense of retail investors without building their confidence that they will receive a reasonable return on their investments ... you are slowly digging yourself a very deep hole, at our expense, no less.
Of course he realizes that this advertises dilution... Dilution is precisely what the PR stipulates is going to happen, what else does 'raise equity capital' mean, if it doesnt mean dilution.... but its dilution for a purpose Lucky... thats the point you conveniently dismiss...
The confidence comes from having a longer term view of this... just because you havent scored a 10 bagger from playing RSDS or maybe you even lost a little money by being scared out of the stock by another naysayer... that doesnt mean it wont become one, Rome wasnt built in a day, at this level despite the volatility that comes from PR's such as an A/R increase, flippers jumping in and out, and the activities of posters such as yourself, which scare newbie investors into dumping with your sensationalist allegations... RSDS is still on track, in my humble opinion, to make great gains over the next few months, if you have any FACTS to counter that assertion, then present them please... instead of scaremongering.
Truth hurts, Rick, yet you have the power to turn "perception" around before it is too late. Convince us that you aren't going to keep diluting indefinitely. Your silence is NOT golden, believe me.
There is no perception to turn around... the only perception that anybody should have is that promulgated by the Mar 05th PR, and that is that RSDS will continue to raise capital through equity to meet its plan of raising working capital and purchasing additional claims... where is the confusion there.
St Peter said, 'let truth be thy shield'... St John said 'it hurts when you get hit over the head with a fuc**ng shield doesnt it son?'
The truth here is evident for those willing to see it and to take the time to READ AND FULLY COMPREHEND THE CONTENT OF THE PR's...
Hope that bump goes down soon... Keep smiling...
Cheers, J.
Good Idea Makes...
a place where all confimed factual information can reside... hopefully that should put an end to some of the back and forth on these issues... we just need to move forward and confirm the more contentious issues related to these claims now...
The accusations made by some of the people on this board are nothing less than that Fraud has been committed by Russell Industries... In my opinion, they should provide evidence of that, or cease from making those claims... This is not a childs game.
Cheers, J.
Ok guys,
lets step back and look at this for a second... in previous PR's we have been given a variety of information, in addition the number of claim leases purchased, we have been told that mining of the 'economically viable ore' will begin in May pending regulatory approval.
The following PR from Sept 11 '06 PR below seems to indicate 'economically viable ore' however it is also part of the claim range which is currently under debate as owned or not owned by Russell Industries...
It seems to me, that the focus of this board right now, should be to confirm the exact status of this claim and further, if possible, to nail down exactly who will be mining it should approval be given.
HOUSTON, TX -- (MARKET WIRE) -- September 11, 2006 -- Russell Industries, Inc. (PINKSHEETS: RSLI) announces that on September 15, 2006 it will acquire 63 mine claims located in San Juan County, Monticello, Utah from East Canyon, LLC. The payday Mine Claims are located northeast of Monticello, Utah. Rick Berman, President and CEO, "The claim group consists of 63 claims, located in Township 32 South, Range 24 East, Sections 25, 26, 35. Area elevation is approximately 5500 to 6000 feet. The main drainage area is the East Canyon Wash. Excellent access to the claims is provided by a two lane county maintained road from Highway 191 north to Road 105 south for approximately 10 miles to the property."
The claims are part of the Morrison formation known for the many valuable deposits of Uranium. The sandstone formation along the East Canyon Wash contains a good grade of Uranium and is easily mine able.
Adjacent to the claims, a drift runs 800 feet. A full face of ore ranging from 8-12 feet in thickness is average. The sides and back of the drift indicate ore values ranging from .35 to .80 Uranium, and up to 2 to 3% Vanadium. The dump from the drift shows values from .15 to .20 Uranium.
In answer to the earlier point about yield per ton of U308, I have been trying to find any historical data that shows average yield per ton of Uranium and Vanadium ore from the area in which these claims lay.
Not withstanding the geologists assessment above, the closest I have come so far, is a PR released by Trigon Uranium Corp on March 7th '07 which follows...
KELOWNA, BC, Mar 7, 2007 (Canada NewsWire via COMTEX News Network) --
Trigon Uranium Corp. ("Trigon" or the "Company") (TSX-V:TEL) has signed a Letter of Intent and Exclusivity Agreement with Shumway Brothers Mining and other parties ("LOI") with the intention of acquiring six former operating uranium mines in Utah's White Canyon district located in San Juan County. The mines are historically known as Blue Lizard, White Canyon No. 1, Yankee Girl, Saddle, Giveaway and Blind Luck, all of which operated through to the end of the prior Uranium cycle in the mid 1980's. Based on United States Department of Energy data the mines produced over 70,000 tons averaging 0.24% (4.8 pounds U(3)O(8) per ton) prior to 1970. Specific production data after 1970 is not available.
The most significant mines in the 65 x 10 mile White Canyon district are the Happy Jack mine and the Radium King mine, which produced more than 3 million pounds and 857,000 pounds respectively prior to 1970. SXR Uranium One's Radium King mine is adjacent to the Yankee Girl mine. Trigon intends to accelerate its entry into the uranium mining business in part by acquiring Colorado Plateau mines like the White Canyon mines. Trigon believes resources can be developed through re-entering old Colorado Plateau mines by following previously defined zones and exploring land contiguous to these mines.
The properties subject to the LOI comprise 73 claims and three Utah state leases. The due diligence and exclusivity term is for up to 120 days. Trigon has agreed to make a non-refundable deposit of US$25,000 and to issue 50,000 shares to the vendors. During the exclusivity period the vendors will not solicit or entertain competing offers. Trigon's due diligence will involve a program of engineering and mine modeling as well as geological study, which has commenced.
Sidney Himmel, the President and Chief Executive Officer of Trigon stated: "Trigon has numerous diversified strategies for growth in the uranium industry. This includes acquiring smaller mines in the Colorado Plateau in both Utah and Colorado where ores were processed at centralized mills. At present the Blanding and the Shootaring Canyon Mills may be available for custom milling. We are currently expanding our mine engineering staff to obtain the requisite expertise to efficiently acquire and develop mines."
Uranium was mined in the White Canyon district from 1949 to 1982, producing over 11 million pounds of uranium averaging 0.24% (4.8 lbs U(3)O(8)per ton ore). In Utah, only the Lisbon Valley district has produced more uranium than the White Canyon district.
In addition to the mines, the Exclusivity Agreement also covers two unexploited uranium occurrences defined by previous operators. Trigon's technical team has initiated work to determine the size and nature of these occurrences.
So at an average of 0.24% per ton of Ore in this general area, yielding 4.8lbs of U308 our 100,000 tons would return $54,240,000 at current market prices without taking into consideration the value of any Vanadium ore present.
Having said all of this, to further speculate about the price of Uranium, yield per ton of ore etc seems almost a moot point unless the status of this claim range discussed abover can be confirmed.
Cheers, J.
I'm fine thanks, but a little disturbed at some of the allegations that are being bandied around on the board without so much as a shred of evidence from what I can see so far... I wish people would present factual evidence and then draw their conclusions based on it, rather than the other way round....
Cheers,J.
Hi AC,
you're right... I'm EST +11 here, so it was 04:20 in the morning when I wrote that, looks like my eyeballs and brain quit and went to bed an hour before I did... I'll take another look at it after I've had some coffee now I've had a few hours sleep...
Cheers, j.
Hi Abe...
There are 2204.667lbs in a Tonne
There are 2000.000lbs in a Ton... I was going with the wording of the PR 'ton' to calculate the poundage, but regardless as you suggest, it all comes down to what percentage of U308 is present in the ore... and thats something we dont know yet...
I'd prefer to err on the side of caution because it means I am usually plesantly surprised by an increase and not dissapointed by a reduction in a figure arrived at by guesstimate....
Cheers, J.
Hi Loof,
It depends in large part on the percentage of U308 contained in the Ore, and how much yellowcake is present.
Ore generally contains a very small percentage of Uranium as low as 0.12% but some canadian ores have been found to contain 13%. Yellowcake by contrast contains 90-95% or uranium oxide.
I have found some figures that suggest a 1300 megawatt reactor consumes around 33 tons of U308 a year, and that approx 440,000 tons of ore need to be processed to generate the required 33 tons of U308.
Given the proposed 100,000 tons of ore mentioned in the PR, that would equate to approx 7.5 tons. At 2000lbs per ton this gives us 15000lbs of U308. 15000lbs of U308 x $113.00lb (possibly higher at the point of sale) = $1,695,000.
I have seen figures posted in the multi millions today on the board, I would advise a little caution in getting too carried away with your assessment of what this means. Having said that, this is still a very good figure as a jumping off point, please remember that 100,000 tons of ore is not as large amount as it sounds in the grand scheme of things, and we are talking in excess of 200 claims, this is a good solid start, and a realistic one...
Cheers, J.
Yeah, you'd have to dig up half of Utah to even get close to that amount of processed material... the recent price increase of U308 to $113.00 lb was reached as a result of a sealed bid auction for just 100,000lbs of material... this stuff really is in high demand, as we all know.
Cheers, J.
...if 'THE MOON' is the name of a local strip joint the CEO likes to frequent and where he can now spend the $1000 you just dropped in his lap... you could be right...
Just kidding mate, hope it comes through for you...
Cheers, J.
...somebody told me I was a handsome bas**rd last night... but when I looked in the mirror this morning... guess what?
Come on... point me to a link that shows their updated finacezzz
Cheers, J.
...are you saying they have completely cleared the $566,077 debt owed in notes($192,245 past due) from the bookzzz?
Cheers, J.
You trash the stock, and then ask for Level II's...?
lol... well the news about the increase in A/S was only released through the Pink Sheets web site too... Is anybody in any doubt about whether that particular piece of news managed to get circulated?
Cheers, J.
**To All RSDS Board Users**
I'd like to share my opinion with all on this board, I'll try not to turn it into a rambling diatribe...
I understand that this is a fairly unregulated forum where pretty much anything is up for discussion. I dont think there are many IHub boards, especially stock specific boards that deliver quality content as a result of group effort, but thats what I hope for each time I visit one.
With a couple of notable exceptions there is more rumour, supposition, whining and bashing than anything else here and this board achieves very little but to dissuade newcomers from posting, its quickly becoming redundant as a forum for informed debate and the exchange of information.
I appreciate fact based discussion, pro or con... I had some questions which would have been construed as bashing by some if I'd posted them in the public forum... I addressed them in the form of a PM to the mods on this board and received a reasoned response in return, its my preference to act that way when I dont know something, but as for public posts, some tolerance should be given to dissenting views as long as they are based on fact, it's common sense, likewise, nobody wants to see this turn into a cult board, so positive input should also be based on fact.
The board is full of confusion, some interesting points have been raised, but there seems to be no consensus on what is confirmed and what is yet to be confirmed here, which is why everybody seems to be going round and round in circles chasing their own tails... With the amount of time that some of you seem to have on your hands, I would consider mounting a concerted group effort to conduct good DD on the many issues being discussed a better use of time, summarize and centralize the facts in the IBox and stop the endless back and forth on what is and is not going on with RSDS. New arrivals could then be directed to the IBox for the FACTS, period, but to date there only seem to be a couple of people who are actively conducting DD on RSDS. List the facts, what do we know? what do we want to know? then anybody who wants to pitch in can work the problem in a coordinated fashion... and display the results in large flashing letters for those with bad eyesight if need be... this in my opinion would be a good use of the forum.
Slightly off the topic of RSDS now.
Makes... xBootienow carries that particular pseudonym with some pride, I dont expect you to have known this, so this is FYI and the info of others on this board who are tempted to ridicule it...
Remember please guys, that IHub is home to a worldwide community, we are not all in the US. Over the past 24 years, I have worked in close proximity, embedded in certain cases with troops from quite a few countries. Most recently with your own United States Corps of Engineers and the 1st Marine Expeditionary Force. There are a few units which stand out as being dedicated, professional and devastatingly effective when brought to bear in battle. xBootienow belonged to one of those, he is an Ex British Royal Marine Commando.
As the US Marines are known as 'leather necks' so the Royal Marines are known as 'Boot Necks, or Booties'. There are many US Marines who consider the British Royal Marines to be the worlds best amphibious fighting force... dont take my word for it, although I know it to be fact, if you'd like to see the sentiment some of your own soldiers hold towards them take a look at this USMC Veteran site http://www.leatherneck.com/links/browselinks.php?c=24
I for one welcome his input on this board, and wish there were more like him willing to join this discussion. I regard him very much as a colleague and we have more in common than you know... To his credit he has not taken issue with you over your comments, but I feel compelled to bring this to your attention.
Cheers, J>
Thanks Roi...
Not asking you to drink any Kool aide here and certainly not trying to turn this into a cult stock...
I just believe that issues aired on the board have to be grounded in fact... I would recommend you write a PM to righty or Makes and tell them of your concerns, ask them for a reasonable explanation, if one is not forthcoming or you uncover some fact or other that proves miscreant behaviour, let me know and we'll take another look at the situation..
Cheers, J.
I appreciate your opinion Roi,
If when you say he responds to you by e-mail like a Jerk you mean that he refers you to the Pink Sheets web site for information, thats the same response I and many others have had...
Before you make assumptions about what is and isnt being passed by e-mail between the board mods and Berman, just take a deep breath I'm going to address that with you later...
If you think I dont understand, then speak to righty... the phrase I used IN A PERSONAL E-MAIL to him and NOT on the board was 'preferred conspirators' paraphrasing words used by Rick Berman in an earlier PR, but I am now satisfied that is not the case...
I am asking you to reign in your inflamatory choice of words for one reason only.... New arrivals at this board are going to read your posts, and you are going to freak them out... at the moment your claims cannot be proved one way or another, which Is why I am asking for the benefit of the doubt.
If the time arrives when I am sure there is something underhanded going on here, I will be leading the charge believe me... but until then, lets not sabotage the stock on rumor and supposition.. Please..
Cheers, J.
Roi...
for somebody who professes not to be 'bashing the stock' you sound an awful lot like somebody who IS in fact 'bashing the stock'...
Your questions are reasonable, but if you dont know the answer, which you obviously dont... why dont you adopt a more reasoned tone and just ask a straight question without adding inferrences about the board mods, and the CEO...
In answer to your question, NO, if he is using shares to purchase any part of a mine claim, they will be registered shares. Shares under Rule 504 Reg D are sold through the market to generate cash, up to the amount of $1M per calendar year. The registered shares would only be allowed to be sold after the waiting period (normally 1 year) was exhausted, so they would not amount to immediate dilution.
Now, if there is anything to this plan to enter into an agreement pending regulatory approval to mine these claims starting in May, and an agreement is reached with a mining company which will then start to generate revenue, that revenue could be used in part to offset, or buy back some of those registered shares... who knows? we're not privy to the plan...
However until such time as it is PROVEN that Rick Berman is 'sketchy people' as you put it... perhaps we could give him and the board mods the benefit of the doubt...
What do you think?
Cheers, J.
Hey Guys,
as everybody is throwing their opinions out on flipping and specifically on flipping ALRY, I'd like to add mine...
Flipping is par for the course when trading pinks, we all know that. ALRY is a little different because it is one of the few Pink stocks out there, that actually has the potential to stay the distance and pull itself out of this shark infested arena...
I dont see flipping ALRY as a problem per se, but if there's sufficient volume and momentum to flip it, pick a realistic exit point based on the way the stock is trading and sell at the Ask... it's just good manners, make a few bucks but dont sabotage the stock price by panic selling on the bid and giving the MM's the opportunity they need to walk the price back down...
Cheers, J>
Patience is key at the moment guys...
If news comes thats great, but right now we need some steady consolidation to act as a base for the next leg up...
Consolidation will renew confidence in where this is heading from a TA perspective which should attract additional attention from the chart followers out there, as was the case before mondays little episode. A positive PR towards the end of this week should give us the boost we're looking for to make some additional gains.
Cheers, J>
Agreed... plus we're up 170% at the current level in 4 days on very little news... not too shabby....
Cheers, J
lol.. I'm sure they not only read these boards, but that they are active posters on IHub too... there are some weird and wonderful games played on IHub...
Cheers, J.
Hey TD,
real or fake, its coming down, ALRY is in strong hands, a few flippers, but this train is an express stopping at very few stations...
Cheers, J.
It's a wall... but it could be fake... MM's last stand before 0.20..
Cheers, J.
NP mate... lets make some money on this one...
Cheers, J>
Cheers Dak...
be good to see it consolidate further today... a lot of accumulation yesterday, good sign...
Cheers, J.
Ok Guys,
She's up to bat again... dont sweat the news so much at the moment, we should be looking at another days good consolidation and maybe a little gain.
Nothing has changed with this stock, if you believed in it last week, nothing has happened that should alter your beliefs.
Gird your loins and lets move on...
Cheers, J.
Hi Vex,
Apologies for the delay in responding, every time I sit down and try to type this message, something else seems to crop up...
Can we start by better defining 'we' as there are many parts to this particular puzzle and I'm not sure they all fit together quite as nicely as most believe they do, or should do.
I presume that you are refering to the current U.S. administration as the lead proponents of military action in Iraq, but 'we' also includes the governments of other countries, corporate entities, and private individuals, who for one reason or another, have chosen to involve themselves in this situation.
So who shall we begin with?
Cheers, J.
Hi Dak,
It looks like the A/S hasnt been updated yet because, although the Pink Sheets PR states that he has filed a cert of amendment with the Nevada SoS, in all probability it is still being processed by them.
Cheers, J.
...another day of consolidation like today, followed by some positive news and we may see RSDS come back to life again by the end of the week...
Cheers,J.
Great volume into the close, good stuff...
Cheers, J.
Didnt Lowtrade say that?
anyway... good volume this afternoon, lots of cheap shares bought, this is a great response to the minor occurance of this morning... hope you all got some cheapies..
Cheers, J.
RSDS - making a nice comeback, slow but steady, taking hits on ask at 0.0016 now, volume picking up...
Cheers, J.
Hey guys,
Volume increasing, taking hits on ask at 0.0016...
Cheers, J.