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Delmar and friends have NOT done RS's for many years. SGDH and CGRW have not been reversed or diluted, look at their SS's. It used to be a habit (see ARES, ARET and others), but they definitely learned from the failures of the toxic death spiral approach. That's why I had so much hope for RBSY, if it had survived, if these guys were still involved and if they secured a decent RM. But ... our beautiful Cinderella never got to the ball.
I don't think anyone will RM with them on EM. Maybe I'm wrong on that.
Funny that MMs are still playing around with it at .06. Can't be too much incentive to do anything with RBSY at all. Maybe they don't have any idea what happened either.
Yes, that was definitely a mistake on their end. They probably did the paperwork too quickly and confidently. The question is, will OTCM grace them, now that they are admittedly a shell? I think not. There may also be other fundamental problems with the SS or accounting for of shares. Whatever the case, from what I can see, the company has given up and gone into that good night. Bye RBSY.
You misunderstand. RBSY is (or was) a shell looking for a merger. Thousands of PC companies have no revenues, profits or assets. That's the point - they are empty Shells ready to be filled. Regarding your other comments, SGDH and CGRW are PC. If they are scams, by your assumptions they would be thrown onto the EM too, but they weren't. I own no shares of either, btw. Ss
OTCM can't make biased arbitrary decisions about a company's potential. Decisions have to be objective and fair. There is obviously something majorly wrong that they discovered a minute before midnight. Looks like RBSY is going down without a fight. The problems were probably too great to overcome, and Suber and Currier won't even bother to write an epitaph. Ss
It'd be a good day if that ever happens.
DO NOT hold your breath. Remember, they even lost their yield sign. They also no longer have "verified profile" designation on OTCM. When that badge disappeared that day (a few hours before RBSY tweeted they were no longer on safe list), I immediately knew what was coming. Notice ALL yield and PC companies have the badge. Where did RBSY's go? That and no Finra 211 form and "no" designation for ability to quote proprietary quotes. Big problems, all. Ss
My biggest concern is that they may not bother to tell shareholders what happened, that they have made their last tweet and we will never know what happened. They were tweeting every few days for awhile there and now nothing at all. To me that speaks volumes. Could be wrong, but this quacks like a duck, flies like a duck and waddled like a duck ... so it's probably a duck.
Notice IH already has it as "RBSY (CE)."
Well DBP and DD, looks like it's curtains on RBSY. No communication from the company since 10/8 in spite of OTCM reportedly saying they would respond to the company's rebuttal to their concerns nearly two weeks ago. Either 1) the response from OTCM was game-ending, 2) it was good news and RBSY is correcting the minor problems or 3) OTCM hasn't responded yet. In the second and third scenarios, the company would have updated us by now as it was so fond of doing in the past when hope was in the air and news was good. I believe their silence says it all, that the first scenario is the correct one. It seems the company has given up, picked up its toys and gone home without saying goodbye or bothering to explain.
Be well everyone and better luck with your other investments. This one ain't coming back and will never be tradable again, imo. May be able to dump some in the trips, but probably not many, as the company apparently has some very serious and fundamental problems from which will never recover. MMs will not be interested in our shares.
All just my humble opinion. I hope I'm wrong but I very seriously doubt it. Ss
SAKL sucks because of a lot of debt. RBSY is totally clean with awesome SS. That said, RBSY needs to MOVE TO PC for anything to matter, which is highly questionable at this point. Sad all around, and so unexpected! Literally one minute it is going current, the next it instead loses it's yield sign and goes back to EM/gray market, where it was 3 years ago - dead in the water. Shocking to say the least. Still waiting to hear what the heck happened to this thing.
Decent points all, DBP. I'm not sure the suspense is awesome, but I hope you're right. Be well. Ss
I hope so. I just wish they'd provide an update so peeps know whether to hang on or just let RBSY go. Ss
Yes, but I think the new rules prohibit a company from compensating an MM for sponsoring. Thus there is less motivation for MMs. At least I remember reading something like that somewhere.
I really hope they can somehow pull it together. There is always hope, but their silence is disconcerting. Come on, RBSY!
All just my unprofessional opinion. SS
There are F500 companies that are not profitable and have people calling them a scam. This is NOT about loving or hating management or whatever you perceive to be their quality, DD. There must have been a technical flaw in the filings or company information they provided OTCM. And, it must be a significant one, thus the very sudden and shocking turn around in their decision. Or maybe it's as simple as just not having an MM sponsorship (signed Finra 211). Idk. I wish they would tell us. Ss
My honest best guess at this point ...
though I could be wrong ... is OUR PROVERBIAL GOOSE IS COOKED.
No company tweets. No word (it seems) from OTCM, or if there was, it was bad news the company has not yet publically admitted. Company said OTCM would respond by mid- last week and nothing ... or company too embarassed to communicate. It is the only company I know, amid the thousands on the OTC and hundreds trying to go current, that actually go delisted to the greys/EM the moment it was supposed to go current. Not only are we not current, but are suddenly not even limited or no information information anymore, nor even tradable!
Yes, I could be wrong but I doubt it ... Surprise me, RBSY! I really do wonder what happened, though, to our once magnificent little RBSY, and it will be interesting to know ... if they ever tell us.
Either way ... Never EVER invest $$ you can't afford to lose. Be well and take care, all. Ss
Guess he's not done. Wise move, it seems, to have shorted in September. Must be an MM since no retail buying seems possible. Sell at .09 and cover at .04. Nice.
1K@.06 - yea baby! Lol
Probably finishing his short covering from 9/30 with a smooth 50% profit. Well done, MM. Lol
We will soon know in no uncertain terms
I agree. They should be fine. That said, it must have been a very significant concern for them to actually de-listed RBSY the day before they were going to move them to PC - SURPRISE! Absolutely unheard of. Let's hope for the best. I'm still believin'.
More likely some MM covering shorts from late September.
All trades right at eod too.
Well, at least one market maker thinks this will go current - 47k volume @ .04-.06 today.
Just super not likely, bro.
What makes you say that? No response from OTCM, from what I can tell, and no tweets from the company. Ss
Good to see management putting up a fight and not going gentle into that good night. Ss
Update from RBSY moments ago ...
RBSY tweet -
"OTC Markets has stated that they are reviewing our responses to their concerns and will let us know something by mid next week."
We shall see. At least they're trying.
Not on etrade. Idk about tda.
The fact that some MM is keeping this thing at .08 IS a positive sign amid a plethora of negatives.
Being a shell is a GOOD thing in the case of RBSY, meaning it has the potential to be filled with something. A quality RM would push pps into the dollars. OBVIOUSLY, this remains to be seen, as RBSY has a few fish to fry before anything will likely materialize.
That said, there are non-reporting companies on the gray sheets/EM that RM and are viable with market caps in the hundreds of millions. Who the h*** knows what will happen here. Absolutely unexpected and crazy... and disappointing. I remember thinking, wow, were going PC by tomorrow, and instead we go to the untrade-able EM instead.
There was nothing wrong with the tweets. They just ended up being poorly timed. No one profited by them, imo. It's just unfortunate. You yourself said you appreciated the updates. The company spent a ton of $$ on the filings and its hard to imagine it was some kind of ruse. There wasn't enough volume and there was little or no pumping compared to most other otc companies.
Just relax and we'll all see soon enough how this goes. Ss
You may be right. We will all know shortly. Ss
I don't think there was an update today ... O/S has been 101M for several weeks now. We're you referring to something else?
Also, it's not like OTCM is gonna say, oh sorry for the mistake, my bad. I'm sure they're not used to changing their mind on things. May be a tough road ahead is all I'm saying. Or maybe not. Who knows. ss
It's a bit worse than that. RBSY actually somehow got themselves delisted, and it may take some doing to get back to limited... or maybe not, idk. Super-weird all around. Ss
Actually, none of us have any idea what happened, nor what the future will bring. Ss
That about sums it up. Ss
This is insane. A gal can lose 99.8% percent of value in 5 seconds and then gain 99% (100,000%) back in after hours trading the same day (see 4:07 trade at .08 today). LOL! Welcome to the wild west!
Remember, never trade $$ you can't afford to lose... or to gain 100,000% on in the same day. Lol. Ss
Tweet from RBSY moments ago ...
"$RBSY just responded to OTC Market concerns. We believe that their decision was made in error. Cautiously optimistic that we will be brought back to verified status and eventually current status."
That's kinda what I thought. It WILL be nice to finally see that PC badge, though. It will be a very fine day.
They must be super backed up at OTC markets.