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I'll chime in just for the heck of it - one or more of the following is going on here. BTW I hold 10M shares at about a .00017 average.
1) The DD phase of at least one acquisition is complete and an announcement is imminent. Possible but unlikely IMO.
2) MJ has developed health problems and everything is on hold, maybe for a long time.
3) Some snag either in the negotiations, financing, government red tape, etc has stopped the process, maybe even permanently. In other words MJ has not succeeded, but is still trying. In the end he may have to do something else, even start over again.
Basically MJ is trying to do something very difficult, and as hard as he is trying, may not have the expertise or wherewithal to get things or keep things going.
Clueless post, sorry . . .
Right, though you cannot tell if they have registered more O/S shares under an S8 or SB-2, among others because as of yet they are non-reporting. I saw they had filed a REGDEX back in 2004 but the filing doesn't come up when I tried. I have not been able to find their 15-211c though I might not be looking in the right places.
That checks out though I am not able to see the filing itself online, only the notes associatwed with the filing.
What I am getting at is the company may be giving out free trading shares to consultants and even stock promoters who are dumping and this is what has to be overcome for this stock to move to where most us think it can go to eventually.
Good. But it would be interesting to see the companys response vs. what is filed with Nevada if I can figure out how to do it. I have seen the T/A successfully bypassed with companies registered in Delaware.
OK I will try to go online with the State of Nevada.
LOL wheres my Brace and Harcourt when I need it ?
I am not a broker, but my personal opinion is these guys can at any time sell to everyone that has an outstanding bid. All the bids could be whacked out of existence, then no one will be able to sell if there is no bid and will eventually have their shares reduced by reverse split. I have seen this happen 5-6 times now, and when it happens it usually takes 1-2 days of massive volume. They have already filed an S8 to register 1 billion shares. I suspect they still have most of these shares to sell. You can either sell at the bid and get what you will right away, or take a chance and sell into any strength that might occur. I cannot make that decision for you however. IMO based on past history, if I held shares I would sell immediately, even at a loss. Good luck.
The problem with that whole scenario is that this is an unsolicited stock. The market makers are processing client orders ONLY and maintain NO inventory of stock.
E*Turd is allowing buys and sells so far.
LOL you have to be kidding . . . .
Right it sounds like all this time they didn't have a clue on even how to get one, and they are still trying to figure it out. In the future.
Thats about it. They are going to have to pump the living daylights out of this one else its going hard toilet.
But I don't think ETIM would r/s very well at this point. Depends on what they wanted to accomplish. If they were going to r/s just to sell more shares to raise money then that of course would be bad.
And FRPT - very successful r/s. Lots more that I would have to go back and look up.
Good luck ! I am watching too but thats all. In the past they would dump several hundred million shares and the bid would be gone and anyone left in the stock would not be able to sell at any price. Then a few weeks later they would reverse split and have a new ticker symbol. This has happened at least 6 times over the last 2 years or thereabouts. Maybe they won't do it again, but who knows.
Yep - Aug 14 2006 we closed .067 - thats the last time we closed higher.
Not him as such - just his charts.
I was never in this - it was pumped too hard. Probably a buy at .0005 or .0004 where WECK is sitting.
He is a good fair weather man . . . but he disappears when things get rough.
LOL look at his chart in the info box.
One whack and .0006 is gone . . .
O/S not A/S for market cap, c'mon . . .
There will be some profit takers, who will flip to those who will carry it on to higher levels. Decide which crowd you want to be part of.
It doesn't matter - Riverboat left instructions on how to verify with the State of Delaware. Read back on his posts from earler today or yesterday.
That might be it. I know they have accelerated their plans to bring their product to market and in so doing are now strapped for cash. Also I believe Clint tried to tap the vulture capital market on his own before bringing Jim Parliament on board, and as a result may have unwittingly wrecked their capital structure. I almost have to think some kind of restructuring or recapitalization may be in order before too long, perhaps coincident with their uplisting. IMO anyone buying in right now *might* be ok long term, though the overall prospects for the company are bright. There will be better times to invest here later.
Congrats Florida135 on keeping an open mind. Not everyone does.
I really don't know if we have already been down that road before. Someone somewhere is bound to come along who might finally crack the case. You might be THE ONE. There are a lot of other knowledgeable people who no longer follow the happenings of Raven Moon because they left out of disgust. I have not had a personal financial stake in this since the late RMOO days.
What these guys are doing is legal within the letter of the law but it is morally reprensible.
What makes you think the SEC hasn't been notified - I see the same thing over and over again with every reverse split.
Where have you been - people have been all over this for years. YEARS. It sounds like you suddenly discovered this stock and you think its new or recent.
And lots more press releases for this company. I would guess perhaps 30-40 or better. Do you know how to find them ?
Florida135, you should be able to find all the answers you are looking for in the many, many SEC filings for this company. Do you know how to find them ?
Florida, thats fine. You seem to think the selling has been going on for only the last couple of weeks. Try couple of years. Can you research this stock from before the last time it reverse split ? I agree everyone should make their own decisions, but they should also be informed.
There you go, Buckley. $120,000 invested in this company is now worth .0004 - Joey getting fat, see how destructive repeat reverse splits are.
They sold shares. If you read the filings, you will see the company has had no revenues for as far back as you want to go. Remember this company has had several different tickers from before their reverse splits. Go to www.pinksheets.com and look for Company Information for ticker RMEI and you will see.
Florida135, you should have taken a hint from Imperial Entertainment. Basically the same thing is going on here. A stock being oversold means nothing when new shares are continually flooding the market. These people recently filed a Form S8 to register an additional 1 billion shares.
Fair enough. But IMO the longer this stock hangs on and the higher it gets, the more peoples money gets drained and funneled into Joeys (or his consultants) pockets. Many, many people have been hurt badly here. If all else fails try praying to TAKI for help. You aren't associated with any kind of dilutive financing entities, are you ?
Don't just read my posts, read others, and go to Raging Bull and read the RMEI board there, Unfortunately a lot of the earlier history of the message boards is gone now. I hang around just to see how long they can keep this whole operation going. This company is a repeat reverse split offender and nearly everyone who ever invested in this stock and held has lost everything they spent. You don't have to believe me, just ask around.
No, I am just here to educate, and entertain. I have seen this same scenario play itself out 6 or so times now (that many REVERSE SPLITS BY THIS SAME COMPANY, do you understand). Its like a broken record to me anymore, but it is interesting to see the new people who don't know what is going on here getting caught each time. Good luck. I really mean it.