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That 3,400,000 trade wasn't bogus ;)
Not really, it means that when you take the number of shares outstanding x the share price, this is the valuation currently based on these factors.
The 504 $1 mil is funding being raised by the company. The company gets these funds by selling shares to the market. Currently I guess the company might be 3/4 of the way there? I hope more.
jmo,
Loofman
Considering the 54 mining claim's proven reserves are currently worth around $61mil in today's $, market cap is puny, imo.
Well if there is any significant news coming...it certainly isn't being priced into the stock right now, and if that's the case, this is officially a buying op imo. The loofman is lookin to take another big gamble, play it to me boys, I've decided not to send the case of bourbon.
Funny as... you are whining about RSDS while at the same time you are saying you are going to load up! If I were a tokin man, I'd suggest you load up on something else and find a distraction while this hopefully takes off. For me it's bourbon and a good magazine in the john.
No fighting please because I've yet to take my morning hangover cure. Have you noticed we are trying to uptick really bad? I'm trying to find a shipping address for HSDN cause I've got a case of Old Loofman to send them to loosen them up.
You're a funny man ironman...
I recommend for you, a bottle of Old Grand Dad, 4 advil, and a soft body in a pink nightie. Once you wake up who knows?
On the otherhand, RSDS looks pretty solid to me...
consolidating and holding it's ground. If there is a newsworthy PR, I would expect this stock to be anything but weak. jmo
Anyone think Mr. Berman is trying to get the 504 sold out before the next PR? Only asking because there has been selling going on the past couple of days, including this morn, and with the understanding that there may be an informative PR coming, who else would be selling?
Lol makes...
try the bourbon and warm milk. If you don't dream about naked mermaids, you'll certainly be counting your shares of RSDS. Just don't fall asleep until you get to 6 million.
Well I stopped drinking when I read Righty thinks the shareprice may hit $1.00 in the next year. I needed to make sure I was reading this right. LOL If he's right, I'll be able to buy a island and call it Loofhaven.
I sure hope Righty is right about his expectation for RSDS...
because then I might be able to buy my own still and sell my own special vintage.
Loofman
O.K. Righty, I've made some revisions to my guestimate...
It also includes a bigger bottle of bourbon.
Here's to being loaded one day, and each night!
John may have this figured out about consolidation.
Well, my bottle is now open and half empty, but my glass is full. While I'm being patient with my consumption, I'm quite ready to do some serious shots.
Don't do as I say but do as I don't. Walk a crooked line and they'll never know you're drunk.
Anyone wonder if the company is selling today? Notice the spread off and on today? IMO, I think they are accomodating the CEO in anticipation of the news we've all been talking about. Just my gut, which is still sober. lol
Thank goodness I've been staying below their radar...
LOL. Been waiting for the call for the past month.
I'll buy a bigger bottle of the Elijah Craig to share when RSDS hits .056!
until then, I'll let you have sip from my bottle of Kentucky Tavern. $9.95 for a 1.75 litre bottle.
Target share price valuation = .056!
according to Loofman's guestimations...
Original 54 mining claims proven reserves value (using $113 lb) = $61,000,000
$61,000,000 divided by 54 claims = $1,129,630 average per claim
$1,129,630 x 200 claims = $225,925,926 total, using similar average per claim valuaton
$225,925,926 divided by 2 to take out any irrational exhuberance = $112,962,963 conservative estimated value of all proven reserves
$112,962,963 divided by ALL 2 billion shares = a share price potential valuation of .0565 cent a share.
Come on guys keep on whacking, I want to get more at .0013 or below. Just keep on putting your orders in at .0014 and wait. LOL
Loofman
A sober opinion about RSDS as a play...
After watching this company and stock unfold for the past 2 months, I believe there are some very sharp investor/penny players on board here. There has been excellent dd presented almost daily, and there continues to be a fresh stream of educated, informed penny investors getting into RSDS as well. The CEO has delivered pretty much everything he has promised so far, with the promise of more. He is a no nonsense type of manager from what I can see, and it really appears as if his strategy may be very shrewd and potentially lucretive. From what I know about start up companies and what one can possibly understand about pennies...RSDS could be one of the better penny plays in a long time. I think for those who want to make a little or alot may very well both see frutation here.
just my opinion, sober and strong!
Please continue to buy at the bid so I can buy more at a lower price.
I suggest the MM's open the spread to .0009 x .0025, that ought to do it!
Very nice news about revenues...
this looks like a good play for 2007 and beyond, imo.
Loofman
OT: Makita...
good stuff! I have been saying my prayers for the families and student at Va Tech.
Good to see you here. Looks like CVDT is trying to rebound a bit.
G/L with RSDS...
I believe I've hit the ask more the many of the folks around here. LOL That's why I'm now hitting the bottle.
OT: Recommendations
Elijah Craig is my favorite - 12 years old and a very good value.
Woodford Reserve is very popular around Louisville.
Bullitt Bourbon is interesing
Four Roses is excellent!
and if you don't mind spending a premium try a single barrell variety.
best regards...
Nostoks...
I reside in the fine state of bourbon making, lol. Look for me at the derby, I'll be the one wearing the hat that looks like a nuclear power plant with the Russell logo on it. Bet on the horse that has uranium in it.
Thank you for the offer, welcome to Kentucky. Makers Mark is good too. I know of even better variaties as well. Bourbon is like a fine wine but quicker. lol
Dak, I'm in my office still strapped into my chair, cause my wife forgot to come home and undo me. Thank goodness the squirrel jerky and the case of bourbon are within arms reach. You are more than welcome to join me. Bring ice.
Loofman
I appreciate the hail cause I'm out of ice for my drink...
Knob Creek is good...Buffalo Trace is too.
Loofman started drinking bourbon again and fell into the reactor...
looks like it was a happy accident!
It's been a pleasure entertaining myself here today at your all's expense. I need to go find some property to build a house, so that I can make a real living again.
Until my next drinking episode...
Loofman ;)
I've decided to write a book based on my experience with RSDS.
I'm calling it, "Drink and Drug Your Way to Financial Success Playing Pennies." It's a 2-step guide to making your way to the top without all the stress. I'll be offering the first 50 copies at a 50% discount to all RSDS shareholders. If you act now, I'll throw in my autograph and a cup holder.
Loofman
Well, if 3 people will buy 1 mil shares in a row at .0016, in the next 5 min. I'll follow with 1 mil at the ask if still .0016.
Loofman
Yes dak what would you like?
Well for me, it means...
2 more shots of bourbon, 2 more advil and 1 mil more shares if it drops back to .0014.
If this turns green at close, I'm starting the booze and meds earlier each morning.
Loofman
I am as long as ANY one of you here, with millions of shares looking at adding a few mil more to get to above 20 mil. My ideal sell target is MUCH higher than current share price and my ideal target is .035. I will hold shares for as long as the company shows improvement in growth and potential.
Loofman
dak you must have that special sumpthin, cause they won't fill me a .0013. Must be because I got mad this morn...
Loofman
I apologize for calling Mr. Berman an idiot...
during my tyraid. I was caught off guard by the 2 billion shares, which was about a 1/2 bil more than I expected. Also, did not like the timing. I will refrain making commentary about my opinion, until after I have had 4 cups of coffee 4 shots of bourbon, and 4 advil.
If Mr. Berman is true to his word, his alright by me.
Loofman
I believe this was the post about R/S
Posted by: righty
In reply to: None
Date:4/14/2007 1:18:37 AM
Post #of 8458
for the members here asking about what happens once the shares in the authorized run out, heres the ceo's response emailed to me tonite.
"All I can say at this point is there will not be a reverse split to accommodate the remainder of the 504. I cannot say anything further without a press release. Hopefully this ends the speculation and concern.
I must return to the crypt, it has been a long week."
dak, good luck with that fill...
I sat on .0013 for quite some time, with less than half your order and got no love. Moved it to .0014 and they loved me. LOL
Loofman