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And how many Jews were responsible for the BS at Enron, World Com, Fanny Mae, Freddy Mac, GM, Ford, Lehman Bros., Merril Lynch, and on and on?????????????????
After that last comment, you deserve to lose eveything you have, you anti-semite...........
Buying? We had 200 shares trade (that's $4.00 worth of stock) selling for $0.10 (that's $20.00).
How is that buying movement?
It is not possible to drive a stock up after is has gone from $3.00 to single pennies when there is absolutely no foundational reason to attract investors.
Can someone explain to me the minimum criteria that is required to maintain a public companies listing on the pink sheet? RSPG is not and has not been a going concern for what, 18 months at least? Does the SEC or FTC (or whoever) step in and say going going gone at some point?
I have been telling for months that there is no value to a closed down plant. The equipment is not some state of the art system that is in high demand.
This equipment is very simple stuff. You have a tank that holds and feeds the lines that carry water to the filling carousel. Another set of conveyors that bring plastic bottles to the filler spouts. A robotic capping arm and a series of channels and rails that move the finished product to the case packer.
Other than that, there is a pumping system that takes the water from the ground and a filtration chamber to remove impurities. Total value about 1.5 million dollars new. Used and mothballed, about $200,000 if someone even needs it.
I have explained before. We all know that Royal Springs has defaulted on the lease for this property. So, how would they still have any rights to the water? This is foolish for anyone to insist that the stock will have a re-birth. Everyone has taken their hits and some have made big money at $2 and $3 per share.
The infrustruture of this company is no different than 1000 other small bottling plants. Except the other 999 have customers, a business plan and have found a niche where the big boys don't spend time.
A good idea gone bad for so many reasons. There is nothing left here...............get over it!!!!
Wow! 3800 shares so far today.
Someone paid $380.00 for $190.00 of RSPG........sounds like munipulation.
Anyone want to sell me one share of rspg for $10.00?
This would give billon his run up.........I think.
Getting stronger? You mean "rigor mortis" is setting in.............
Look at this!!!! Two crooks get together this morning and agree to trade $25 of RSPG stock for $50. This doubles the value of the company for at least the moment.
How can there be any supporters left out there who believe this scam?
To the one they call "A Billion Lies",
If anything you have ever said here was true, this stock would be active and trading at 30 or 40 cents waiting for the great news that is coming.
You sir are a liar who is embedded with the rest of these theives from royal springs and maxwell.
The proof of what I am saying is in the price and activity of the shares.
Everytime the share price moves up, it is because someone buys $100.00 of this stock at $0.09. The same day, the price gets beaten back down to 5 or 6 cents (the firesale book value).
There is nothing left. The tank is on empty. There is nothing to save. If there was, we would see press releases indicating something............
The land owner of the plant, leased it to Holly Sugar for 50 years. They know what they have. They have a building and 1400 acres of land that can be used for food production. They are not giving away assets (water rights) to a tennant who defaulted on the rent. Come on, get grip on reality.
I lease you a cow so you can be in the dairy milking business. You break the lease through non-payment, but I still allow you the rights to the milk from said cow????????
Meant to say "There is no gas left in this tank"
No such thing as a good tax loss.
Loss is what Royal springs has been ever since the stock was pumped up toward $3.00 and then began it's fall.
Don't you see, the money has already been made by those in control. There is gas left in this tank!!!!!!
Of course. Have you people not learned anything about this scam by now!!!!!!!!!
Look who is asking for details...........
According to "a billion excuses" today would somehow be a good sign of great things to come..............
Let's look at what you are suggesting. You are saying that the share holders in this company have a vested interest in an industrial site and a building that were leased. The lease has expired due to default of payment. How do the investor's have any interest in the participation of the water rights, the land and building, when RSPG has become a defunct non-operating entity?
The current value of the company which is 30,000,000 shares at about $0.10 per share = approx. $3,000,000.00. That is what the equipment/assets are about worth as things currently stand (on the books). Go ahead and try to even get anything near that in the aftermarket for used and mothballed plant equipment.
So, even if there is a buyer out there for the assets, you will be lucky to get $0.03 or $0.04 per share at the fire sale.
Furthermore, there are other's well ahead of you with their hands out looking to get what is owed to them, like the landlord...for example.
At this point you have to realize that the water belongs to the owner of the land, not the RSPG shareholders. If anyone is really interested in operating a water bottling plant at this site, they do not need to answer to the shareholders of RSPG. They simply go to the landlord and create a new lease to use the land the building the water rights.
There are assumptions being made on this board that have no basis of fact. If there was any real interest by the established beverage industry in making a go of this closed down plant, it would have happened a long time ago. Since the stock has been sitting at 5 to 12 cents for such a long time, Pepsi or Coke (and any of the secondary players) would have grabbed this company up at $0.15 to $0.20 per share (and there would be plenty of sellers like Harel and his family members) if RSPG really had anything to sell (like a lease, state of the art equipment that can through-put big time volumes of finished product, and water rights that of any real value).
I have watched other's on this site give "billions" of suggestions that there is great news coming and never respond to the logic of the current state of affairs at Royal Springs. Reminds me of the religous cults who set a date for when the world will end, and then always have a back-up date ready as needed.
Ok, I just have to observe that there has not been one bit of official news from Royal Springs this year. What little has been released has not been true (the one unit Hilton hotel contract and the water bottled for pets deal). This great anticipation that some wonderful news is coming, has been played out. There is a pied piper who keeps getting these little gullibles to follow the empty promise of great things to come.
Look at the facts:
Company does not and has not been operational for at least 12 months.
Company has lost it's lease at the plant due to default.
Company has closed it's offices in Van Nuys and keeps a 200 sf office space as a mailing address.
Company can not be reached by phone........no one answers and no one returns messages left on the answer machine. That's right an answer machine with the voice message instructions from a company officer who was thrown out last year.
The water rights expired when the plant lease was broken.
There is nothing here, nothing to sell, nothing to be taken over, and no interest in the established beverage business community in regards to a Royal Springs deal. The bigs in the the bev. industry have never even heard of Royal Springs, because the company analyst value their jobs too much to present this Alex/Harel sham to the Boards.
People, get real, the only reason we are all holding our stock is why sell it for 8-10 cents when we are into it for north of $1.00?
Don't dream about this one, just learn from it!!!!!
The only ones who will answer you are those who are in agreement with your new conclusions. You will not be given any information of value from the one who wants a "Billion" shares of this thing. Like the rest of us, why would we bother to sell for nothing, what we held while it tailspinned out of control?
There will be investigations and prosecutions over this mess called Royal Springs Water.
News. What news? There is nothing to sell. No lease as that has gone into defalt. No sales as nothing has been shipped. Mothballed plant equipment is worth about $0.14 on the dollar, if there is a buyer who even needs what is there. No active contracts as they became void when the orders were not filled (assuming that there were any contracts and P.O.'s at all). No high quality key personel who can drive this business forward. No accounts rec. No patents. No proprietary products or systems.
Coke, Pepsi, Arrowhead, Fiji and all the rest do not need to invest in more production capability in an already mature industry. These companies are looking for ways to grow their market share through the marketing of the existing brands they have built.
Like all commodities, the private label segment for consumer bottle water is a low margin business that builds no customer loyalty to the manufacturer. It is all about who will sell the product for less. Any MBA student will tell you that is a weak business model.
Now couple all this with the actual interest in the stock. With some 30 million shares we are seeing a daily ranges of 5-12 cents and under 30,000 shares trading per day. Some days nothing or as little as a few thousand shares. Is this not the classic definition of munipulation?
As the only person who keeps insisting this thing is about to turn around and move past $1.00, you never address the concerns that are presented on this board. You just call us names and don't defend your position with the kind of facts that would challenge statements being made that question your stance.
RSPG is dead. The company only exists in a few peoples minds and the rest of us are stuck with worthless paper. I am over the loss I have taken on this one as that is the risk when we play with these start ups. This one failed........get over it.
Ok, I called 806 364-0613. That is the office of Economic Development in Hereford, TX. They told me that Royal Springs Water is a closed down plant and has not been occupied for several months.
Also, what are we down 40% so far today?
These are the kind of facts that are note worthy.
Billion,
I do agree with you on this one point. I am done trying to convince the unconvincable's. I will take my write off in 2008 on Royal Springs and move on now.
Enjoy your fantasy without my comments anymore. I do wish you all good health and prosperity.........
Good bye.
So now we all agree that the plant is closed. How is this a going concern with no production, no employee's on the payroll, no P.O.'s to fill, no orders to ship and SEC filings?
If true, the amount of business announced this week, is not enough to turn on the plant lights. Why would a new start up business that bottles water need to make upgrades and improvements to fill bottles of water for pets?
This whole concept of selling a bottle of premium water to be consumed by a dog or cat is so stupid. If you think that a one time $3.00 stock that is now $0.08 is going to re-ignited by marketing "Dog Water", then you deserve to lose your last $0.08.
This whole deal is nuts!!!!! Look at Alex and Harel.....then remember "Charater Counts".
Who is going to pay for bottled water for pets in this economy? I am sure the deal was so sweet for this pet store chain that they have nothing to lose in giving it a try. Who is going to fund the marketing of a new consumer item that has such a niche appeal? How will Royal Springs support this product launch campaign? Can they afford a media blitz throughout the Eastern US? How will they provide in-store displays and awareness of this pet water? This takes a strong and well trained group of direct reps or pre-paid contract independent reps. This is not the news I have been looking for.......
And, a contract to sell one hotel unit. How does that qualify as news? Hotels like the Hilton chain have beverage agreements with companies like Coke and Pepsi. These agreements include all catagories of the beverages they bottle. These are multi-million dollar marketing deals where the hotel chain agrees to a 100% compliance in purchasing the entire line of products from a sole beverage supplier (these agreements are offered so that one competitor can lock the other out of key accounts). The amount of private label water a 326 room hotel will buy (in addition to their national beverage contract's branded water) is not news worthy.
I am tired of the lack of business acumen that exists on this board!!!!
Billion,
Today's performance refutes everything you said here.........
hahahahahahahahahahahahahaha
Furthermore, here is Tank's current list of clients. You will see that Royal Springs is not on the list.
Automotive:
Buick Dealers Group
Chevrolet Dealers Association
Honda Motors
Lincoln Mercury
Nissan
Communications/E-Commerce:
Buzz Magazine
EGO Magazine
ETM Entertainment Network
NBC Television
Dermaradiant
Voip.com
Choodia
Entertainment:
20th Century Fox
CBS
Disney
Mercury Records
New York Mets
New York Islanders
Universal Pictures
Warner Bros.
Eastern States Exposition
Fashion:
Barbour, Ltd.
Indian Motorcycle Apparel
Ralph Lauren
Financial:
Advest
Equitel
Union Trust
Yale Credit Union
Electric Boat Federal Credit Union
Packaged Goods:
Adolph's
Clorox
Dr. Pepper
Everfresh
Farmer John
Hansen's
Heublein International
Inglenook Vineyards
Kraft
Lawry's
Seven-Up
Solé Mineral Water
Snapple
Tropicana
Malava Beverages
Delmonico's
Lilla Coffee, Brazil
Marukan Vinegar
Health/Beauty:
Blue Cross
Kaiser Permanente
Pro Health Medical
Vital Care
Revlon
Freeze-it Hair Styling Products
Fahrenheit
Outdoor/Sporting:
Bianchi International
Coleman
Colt
Taurus USA
O.F. Mossberg & Sons
Crossman Air Guns
Travel & Leisure:
Alaska Airlines
Hilton Hotels
The Rio
Sheraton Hotels
Business to Business:
Kaman Aerospace
Ovation Guitar
© Copyright 2007 Tank LLC. All Rights Reserved.
So what is your point? They had a press release six months ago and never shipped one case of water to the UK..........
The stock is down 22% today. There is no news for the shareholders since December 3, 2007. The phones go unanswered at the plant and the Van Nuys office. Messages left are not returned.
This thing is dead!!!!! How do you not get that?
Some run up. So far, down .04 to .09 today.
This thing is crashing and burning.
You really think a few new pictures on the web site means anything? Wow, that is lame as the slogan. "You have tried the rest, now try the best". Must have been written by nine year old, certainly not a Marketing Executive for a public company...........
Nothing left to say or see on this one.
New web site. Let's see.....some observations:
1. Same old pictures of closed dock doors.
2. Some old pictures of bottling equipment.
3. Same old pictures of a fork lift.
4. Same old pictures of pallets of unsold water.
5. New picture of a refer truck backed up to a dock. One does not need a refer truck to either receive supplies at a bottling plant or ship bottles of water. What does this mean? Perhaps, it is just one more oversite (or undersite) in painting a picture that does not exist..........
6. Company profile. For a new web, it is the same old company profile that has not been working to date. And how about the slogan “You’ve Tried the Rest, Now Taste the Best”. How lame is that!!!!!!!!
7. News tab: The most current news they have to report is a relationship with a no name, one delivery van distributor A&C Beverage. This was released on Dec. 3, 2007. New web site with nothing new but an attempt to fool investor's into buy this worthless stock.
We should all know better than to think this a positive development.
One more correction and I am done: 30 million shares with a market cap of $90,000,000 last year!!!!!!!
correction: 866 446-7774
(866) 446-7774
You people are so foolish.
I called the plant. After 8 rings a voice message instructed me to press the extension of the person I want to speak to, or "O" for the operator. I pressed "O" and guess who's voice anounced that there was no one available at this time to take my call? It was Harel Goldstein. How do I know it was Harel? Because I was a friend of Harel's who was duped into buying this stock by him two years ago!!!
So, what legit publicly traded company, has an answer machine taking incoming calls at 10:00 in the morning at their place of business with the message voice of the person who was thrown out of the company eight months ago?
Figure it out you fools. Why don't you just give your money to a charity and take a tax write off that does some good?