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Raising Money by allowing them to issue more stock
Thats what it WAS doing. it Is doing nothing anymore
MM's taking advantage of people who havent seen the news right now
10:47 AM...
Must be a good time for Berman. Last 3 PR's came out then...
L2 Snapshot? Can't get to mine from work, yay firewalls...
Bombs are bad! Come'on we're at Terror Level Orange here!!
10Q's dont matter too much if your just looking for a short term bounce. It probably means its going back down after the bounce, but thats why you try and get out at the top.
Not if I get there first :-P
So long as we end up above .0020 next week, we won't have any gaps down here to eventually fill. Thats always a plus too!
Another good find by skip!
I'll be looking for an entry tomorrow AM. Hopefully its not too late. Was too busy with "work" today. Why do we need jobs anyhow?
Absolutely.
I also just like ignoring yesterday, and remembering we're 20% up from monday!
I can tell you I'm a lot happier at 0012 than at 0009
I'm still sticking by my theory that yesterday was just a temporary hold on the selling to get the volume back up so the 504 could be finished. They needed more volume, so they let it run a bit. It worked.
We'll be done selling by friday. If we continue to see painful red days next week I'll start worrying. Not until then.
Glad you decided to stick around bri. Wise choice!
RBCM
RBC Capital Markets Corporation
800-959-5951
http://www.rbccm.com/
Not Rick Berman...
18's up!
Nice buys rollin in!
I thought we couldn't get AH or Premarket trades??
seems like you'd better go tomorrow as well! :-P
Well, then I like your strategy even better
Always glad to learn something new, thanks!
Hard to say Dak, a lot depends on how Berman handles this.
I'm going to base the following assuming that Mr. Berman is a smart, logical man.
I'm just thinking he's trying to come up with ways to generate volume to finish off the 504. So starting last week. He had ~700k - 800k raised, knew he needed a little more, the earlier its finished, the stronger share price we will end up with.
Meanwhile, volume is drying up, because people are scared to invest. So he PR's that he will be done by June 1st, generates the highest volume day to date, and sells a bunch more. Volume eventually begins to taper to friday, because folks see it won't go above .0011. Brings us closer to 1 mil, but not quite there.
Enter today, still a few bucks to raise with the 504, but no volume to do so without hurting the share price. So he lets it go a little. Again, generates close to record volume, sells some more shares. (AH shares settled today were worth $25k). Everyone and their mother will take wind of this tonight, think its finally ready to go, and he will have the volume to finish off the 504. Again, assuming he is logical, he will finish it off without hurting share price tomorrow.
So, we have one of two situations tomorrow.
1) he is already done, PR's in the morning that he is complete early, rewards his longs, and we jump before all of the last minute people get in.
2) He continues to sell what little he has left, and we close green, but not extremely green.
Personally, i'm expecting option 2. I'd like to expect a close above .0020, but wouldn't be too disappointed so long as we can hold our gains from today. Once he PR's the close, hard to say where it will go, and where it will stop. If its the only thing driving us, I'd have my mark set around .0030-.0040.
Personally, I think he has more news lined up, and wants to get the 504 done before announcing something. If 504 closes by friday and is PR'd, and he announces he is beginning exploratory mining, or building access roads, or anything of that sort, I could see us going to a penny or a little shy by the close of next week.
Keep in mind I'm trying to be conservative and logical, and this is all just based on my opinion, not fact.
More good news!
I'm guessing we may see a little more 504 selling tomorrow, but should hold these levels if not go above them.
Just saw another AH, or clearing, or missing, or whatever, go through @ .0017 at 4:09.
agreed. Seeing some nice upward pressure today!
Its said that since I've been watching, back in february. Call the T/A to get the real numbers. Practically everyone here owns more than 361k shares.
Too true bri. It'll go soon enough.
Hard to tell if its flippers. Could be Berman, not all his selling needs to be on ask you know.
I'll drink to that!
It's about time!
.0012 x .0013, current pps .0013
504 done?
Well with that .0012, my account turned green for the first time in a while. This time I have some hopes of staying there too!
Anyone else notice the .0012??
What's the L2's looking like, anyone got a snapshot?
Mine are broken from work :(
From what I've seen of the REGDEX/A's is they are just an update on how much has been raised to date via the 504.
E*Trade shows 361k.
Not sure where they're pulling their numbers from. I definitely own more than the O/S if its true.. lol
That's all up to Berman at this point.
You'll be glad he's done and it isn't coming back. That I can all but guarantee.
Just Berman... lol
I agree... I'll be traveling all of tomorrow, would be nice to come home to a good surprise.
Im out for the night, hold down fort here Dak!
That was just speculation on my part. I thought they could have been done when the volume died after the initial burst.
Not sure what to think with the pick up of volume w/o an uptick later on though.
lol!
Although I don't necessarily agree with the way you deliever information BHS, I do agree with some of what you say.
There is still money to be made on kool-aid my friend!
First and foremost, I come here as an investor in RSDS.
IMO, if a merger were announced in the near term, it will be TRSI that benefits in the deal. Under any circumstances, I can't see a company offering more than double the current PPS of a stock. That means TRSI could potentially buy out RSDS for .0020 a share or so, probably fairly easily.
Now if you ask any investor in RSDS what a fair price is, I'm guessing most if not all will quote higher than .002.
To me that means we will see a National PR when its done. Not any sooner. Either way, nice!!!
Or Berman ran out of shares to sell.