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Hi Loof,
I was just concerned you were going to blow a gasket... I appreciate your concerns, but trading pennies is full of this kind of action.
The discussion on these boards over the past few days has been very bullish on RSDS. I dont see what happened today as being a good enough reason for a frantic sell of which is why I mentioned 'staying away from the open'.
If RSDS was a good bet yesterday based on the DD, then IMO nothing has occured today to change that fact. Pink Sheet CEO statements should always be treated with extreme caution, but if there is anything to the Regulatory approval to begin mining certain of these claims in May, the purchase of additional claims, and an agreement with a mining company to mine the economically viable ore and the resulting revenues, then increasing the A/S to pay for it (and we are talking Restricted shares WHICH DOES NOT amount to immediate dilution) is a far better option than any form of Toxic financing to achieve that goal.
Cheers,J.
Is everybody feeling better now...?
Good then on with the show...
Cheers, J.
RSDS...
It's been an entertaining morning, but the guys on the RSDS board who were on the cusp of mental breakdowns have pulled it together and Bob's managed to get the top of his lithium bottle...hoooorah...
Volume picking up and buys hitting ask at 0.0014, hopefully it will start to consolidate here.
I know CEO's statements should be taken with a pinch of salt, but if there is anything to these Uranium claims, the regulatory approval for beginning to mine in May and the subsequent revenues that will follow, then IMO raising the A/S to 2 Billion is a far better option than any other form of toxic financing to pay for it. He's suggesting payment using restricted shares for these additional claims, that doesnt amount to immediate dilution.
Admittedly this mornings PR could have been better timed and couched in some fluffy language to make them all feel better over there, but it changes very little... If it was a good bet based on yesterdays DD, it still is today...
Cheers, J.
Hey Dak...
I'll give you some positive news... nothing has changed other than the AS has increased, when and how those shares become an issue of dilution is another question... I know this is all about perception, but a bunch of lemmings all heading for a cliff and selling at a loss, does not change the story of this stock...
'Stay away from the open, they see you coming sucka' is a refrain that was coined with good reason...
These are cheapies and a buying opp now IMO... once the weak hands are out, we should be back in biz...
Cheers J.
*TO ALL*
The AS has increased here, nothing else has changed at present... the story is still the same... look at the accumulation of this stock... Question dilution when and if it happens, until then if you are a weak hand and sell now, ok, its a buying opportunity in my opinion... this is why these plays are so much fun guys... smile and enjoy the ride...
Cheers, j>
Thanks loof,
I'm working on a dialup connection here and its killing me... have had the pinksheets site open for 20 minutes and it refuses to down load anything... thanks
Cheers, J.
Hi PC,
can I ask where you got this from, I dont see it on my news ticker, and its not on the breaking news board...?
Cheers, J.
Hi BOF,
Its not uncommon for companys who do little business or who have limited staff and therefore no need for a full time receptionist to use the services of a 'serviced office' that in and off itself does not give me the impression of scammers at work. Its a common facility that many small companies take advantage of, they answer the phones in your company name, transfer phone calls, take messages, receive mail etc... not unusual.
Cheers,J.
Thanks Gaz...
Cheers, J.
Hi AK,
no short squeeze, short interest info for RSDS contained in the post below...
Hey FN,
not sure how well that parallel sits between ETIM and RSDS based purely on the 504 dilution. Although ETIM did exhaust their sale of securities through rule 504 in March, which was the start of its rise, they were also shorted very heavily in the months prior to that... if you look at the short interest figures for Feb and Mar as follows:
ETIM
Feb short interest 6,512,641 on daily avg volume of 80,219,598
Mar Short interest 4,051,889 on daily avg volume of 141,145,544
By contrast RSDS short interest is as follows:
Feb short interest 6,030 on daily avg volume of 4,886,354
Mar short interest 493 on daily avg volume of 23,138,206
I may be wrong, but it looks very much like the conclusion of ETIM's sale of securities through rule 504 was followed immediately by shorts covering their positions in combination with heavy investor buying and the stock being propelled north...
You are right about RSDS not being able to sell securities through rule 504 for another year, but that calendar year begins in August/Sept 2007 as he began the current sale of securities through 504 in Aug/Sept 2006...
Cheers, J.
Hi Penny, nice to see you make an appearance here...
Its pure speculation at this point obviously, but it looks increasingly like the sale of securities under rule 504 reg D may be on the cusp of completion. In addition to that the CEO has stated that pending regulatory approval in May, he wants to start the ball rolling on the mining of what is economically feasible of these claims to generate revenue, as per the e-mail below.
From: Rusind@aol.com
Date: Tue, 10 Apr 2007 22:34:51 EDT
Subject: Re: Uranium
To: Dak77
I have definitely put everything else on hold and am focusing on acquiring uranium mine claims and mining what is economically feasible to generate revenue. You can share this with the other shareholders and just so you will know, I just received a call from our people in Utah and I will have some news for release next week.
Rick Berman
Tel - (713) 446-7231
Fax - (281) 298-9055
rusind@aol.com
Cheers, J.
Hi Vex,
there are a good many reasons why I am mentally still in Iraq, yes, I'll give you that. I have a great many friends, both Iraqi Nationals and former colleagues who continue to face a great many problems on a daily basis and they are in my thoughts.
Hiding behind a gun? Its difficult to really describe to you how exposed you become when you move around inside Iraq, as a civilian contractor, I had a very specific role to play, and it most certainly was not an 'offensive' one, not even to stand and fight when attacked, we were simply tasked with preserving the lifes of the civilians we were transporting. There is no perception of power when you are facing many more deadly and effective weapons than you have at your disposal and when you so obviously stand out from the crowd , quite the contrary, its a feeling of vulnerability.
As for your last two questions, "would be more than one could comprehend if it was all for naught" and "just why are we there", if you sincerely want to discuss these... once again, I warmly extend the opportunity for you to do so, here, or in private, out of the glare of the public scrutiny if you so wish. They are good questions and I would love to discuss them further with you, but that doesnt mean you tossing oblique thought provoking one liners at me, I would like some thoughtful dialogue, what do you think?
Cheers, J.
Thank you Loof...eom
Youre welcome...eom
Hi MSG,
based on the calculations in my prior post... the next PR we get may very well announce the completion of the sale of securities under rule 504 reg D... its not really that much of a reach.
Cheers, J.
Hi Loof,
not sure how you calculated that exactly, but given that were talking dollar value and not number of shares as the method of exhausting the sale of securities under rule 504 reg D, I'd like to offer this assessment and maybe you can all give me your thoughts...
A common way to judge the rate and projected conclusion date (approx) of dilution is to look at the point at which 2.5x the volume of shares, equal to the amount being diluted has passed through the market.
To break that down, we know from the PR at the beginning of March that RSDS had raised $367,000 through the sale of securities under rule 504, below in bold:
HOUSTON, TX, Mar 05, 2007 (M2 PRESSWIRE via COMTEX) -- Russell Industries, Inc. (RSDS.PK) would like to update its shareholders regarding its capital raising. 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. The Company, its Investor Relations Department and Transfer Agent have recently been barraged by what appears to be day traders and chat room "conspirators", in a non stop effort to encourage the release of premature press and ex-parte company information their short term gain. Russell Industries plans to continue to raise equity capital and will not release gratuitous press and will make information available to the public only on the company's website, www.russind.com, www.pinksheets.com, and through press releases when Company news warrants it.
Given that as a starting point it leaves $633,000 (the balance of the $1m) of securities that could still be sold by RSDS under 504 during the calendar year which started in Aug '06.
Lets start our calculations on Mar 1st '07. Since that date 1,177,730,000 (1.177Billion) shares have been traded in RSDS stock.
The average PPS since Mar 1st '07 is 0.0013.
At the average PPS since Mar 1st '07 $633,000 (the amount of securities which can still be sold under 504) equates to 486,923,076 shares of RSDS stock.
The total volume of shares which have passed through the market since Mar 1st is 2.42x the number of shares required to raise the aforementioned $633,000.
This is only an approximation and there is always going to be leeway in calculations arrived at by this method... but in short, it looks very much like the 504 is all but exhausted... and if not, it should be very soon.
This is only my opinion and is offered to stimulate debate, not to pump RSDS stock, if anybody has a fundamental problem with the way I have arrived at these figures, or the calculations, please let me know.
Cheers, J.
striking a root...?
it amuses me to drop by and see just how far you can get your foot in your mouth Vex...
ha,ha,ha... I love this....
RollingRock... asking for Vexari to state his case in his own words, is quite simply an exercise in futility. The man's a fraud and incapable of engaging in debate...
Now, if you want a rambling diatribe of conspiracy theories, I'm sure he'll be able to cut and paste a 400 chapter roller coaster of a ride for you in a heart beat... dont hold you breath on baiting him into discussion...
Cheers, J.
Hey FN,
not sure how well that parallel sits between ETIM and RSDS based purely on the 504 dilution. Although ETIM did exhaust their sale of securities through rule 504 in March, which was the start of its rise, they were also shorted very heavily in the months prior to that... if you look at the short interest figures for Feb and Mar as follows:
ETIM
Feb short interest 6,512,641 on daily avg volume of 80,219,598
Mar Short interest 4,051,889 on daily avg volume of 141,145,544
By contrast RSDS short interest is as follows:
Feb short interest 6,030 on daily avg volume of 4,886,354
Mar short interest 493 on daily avg volume of 23,138,206
I may be wrong, but it looks very much like the conclusion of ETIM's sale of securities through rule 504 was followed immediately by shorts covering their positions in combination with heavy investor buying and the stock being propelled north...
You are right about RSDS not being able to sell securities through rule 504 for another year, but that calendar year begins in August/Sept 2007 as he began the current sale of securities through 504 in Aug/Sept 2006...
Cheers, J.
...not sure I care for that analogy SS...lol.. if he gets some movement we end up with the motherlode being dumped....
Cheers, J..
Hey Bob...
I appreciate your enthusiasm... but if you're going to buy this stock, do so based on the full facts and not a half answered question as was given...
A full explanation of rule 504 is here http://www.sec.gov/answers/rule504.htm in summary, 504 is an exemption for companies not generally required to file with the SEC, under rule 504 they can sell up to $1,000,000 of its securities in a 12 month period... at the current PPS that amounts to 625M shares or 500M at 0.0020 just to give you an idea of the volume.
In March RSDS released the following:
HOUSTON, TX, Mar 05, 2007 (M2 PRESSWIRE via COMTEX) -- Russell Industries, Inc. (RSDS.PK) would like to update its shareholders regarding its capital raising. 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. The Company, its Investor Relations Department and Transfer Agent have recently been barraged by what appears to be day traders and chat room "conspirators", in a non stop effort to encourage the release of premature press and ex-parte company information their short term gain. Russell Industries plans to continue to raise equity capital and will not release gratuitous press and will make information available to the public only on the company's website, www.russind.com, www.pinksheets.com, and through press releases when Company news warrants it.
About Russell Industries, Inc.
This means that since August 2006 RSDS have sold securities valued at $367,000 and between March 1st and August/Sept 2007 RSDS may sell an additional $633,000 of its securities under 504 or 395,625,000 shares at current PPS, 312,500,000 shares at 0.0020, as you can see in the prior statement, it does say the company plans to raise 'up to $1,000,000' which seems to suggest that the 504 will be used to its full extent between now and August/Sept.
I hope this explains a little better what a 504 is...
Cheers, J.
Hi Guys,
New to the board... have spent some time reading through your prior posts, just to familiarize myself with the story so far...
It makes me laugh when the bashers turn up all bent out of shape for missing the real cheapies... greedy bas***ds... although I think it wont be long before anything under a penny seemed a bargain with RSDS.
I know there are other new additions to this board, other than myself... this statement is predominantly for them, not you old sweats... for anybody out there who is feeling a little weak knee'd about Rick Berman or RSDS, dont... go back to basics, look at the statement rick was required to file by NASD under Issuer's Disclosure Statement at PinkSheets.com here http://www.pinksheets.com/pdfservlet?id=7300 it lays out his background and RSDS's fundamental business strategy. Locating base and precious metals is not a new concept for RSDS, its something they have engaged in since their inception as RSLI in 1997.
Ask yourselves why anybody who admits to not owning a particular stock, would spend so much time trying to trash it on these boards...? Its a legitimate question... Doesnt Bluehorse have anything more productive to do with his time? like Trade maybe... and make some money... or is he just a roaming good samaritan trying to save us all from making the big mistake only he is convinced is occuring here... give me a f**king break... get off your high horse and go post where somebody give a s**t about your opinion... If people are happy to gamble their money away on this stock, (as pinks are after all a gamble, however good they may look...) then so what... as long as they do it with their eyes open, let them enjoy it dude... whats your real agenda?
Not sure if this has been covered... but Rick Berman is filing reports with PinkSheets.com based on the calendar year. The Annual Report for year end 2005 (12/31/2005) was released on April 20th 2006, it follows therefore that the Annual Report for 2007 could be imminent.
Cheers, J.
CTTJ Heads up guys, picking up major volume moving in the right direction....
Cheers, J
Hey Fringe,
PDGT real product, with real potential, just be advised that management arent exactly falling over themselves to divulge information... stock movement seems to be based more on chart technicals than fundamentals at the moment... no recent news from the company.
Cheers, J>
Couldnt agree more Low... I just enjoy 'watching' it grow... trying to get a fill on IDCN too... :)
Cheers, J.
Here you go, this is Lowmans last post referring to financials...
http://www.investorshub.com/boards/read_msg.asp?Message_id=18603414&txt2find=financials
Cheers, J.
Lowman may be in a better position to answer that, he's been in contact with Larry... I only know that they are expected soon...
Lowman, can you add anything to that?
Cheers, J.
...get the feeling ALRY really wants to fly..? Should be interesting to watch when the financials are released...
Cheers, J.
Thanks Chain... I think my age is starting to show... Nadia Commenech is probably a name lost on most people...
Cheers, J.
Nadia Comennech (not sure thats spelt right... you know the russian gymnast...) couldnt match that spread...
Cheers, J.
Thanks Dane, pity, I was hoping they might give e-mail subscribers the 'inside track' so to speak... Thanks
Cheers, J.
Just out of interest, what time did your e-mail from ALRY arrive... before market open?
Cheers, J.
...those pictures are only for my wife...lol...
Cheers, J.
Ohhhh yeah.... love my ALRY...
Cheers, J.
This just gets better and better... the MM lineup is beginning to look sweet... Glad I held...
Cheers, J.
Cant argue with that Low... full of confidence in ALRY over here thats for sure... just doesnt make any sense... but then again, what does in the OTC arena...
Cheers, J.
Ok, thats to be expected, we wouldnt want him divulging insider information now would we... :)
What about his tone, did he sound lucid, confident, upbeat, busy... apologies for continuing to pry, but I've called about 40 times and have as yet, not been lucky enough to talk to a HESG representative.... just the receptionist who answers the phone for every company in that building and Freds machine...
Cheers, J>
Hi Low,
this is excellent, albeit somewhat unexpected news for all those who have been holding ALRY for some time (indluding myself..)... would just like your opinion on a selling habit that puzzles me somewhat... what kind of idiot sells 170,000 shares at 0.055 when it could be placed on the ask at 0.06 and be snapped up, further propelling the stock in the direction we want to see it go, and making more money in the bargain... am I missing something here?
Cheers, J>
Wasnt suggesting you were Strong, just looking for more information... thought maybe you would like to put a summary of your phone call together and post it, sure would give a confidence boost to those still long...
Cheers, J.
Hey Strong...
your efforts are appreciated, but for those of us who either havent been able to get through to Fred, or are EST +11, would you mind expanding a little on what he had to say... just the bare facts...
Cheers, J.