Redwood Scientific Technologies Inc (RSCI)

[work-n-hard]

Hey Steve, Sorry for the delay. I've been trying to get work done so I could get back home in time for Turkey Day.
To start with, I saw the shares that you mentioned when I read the report. To be quite honest, they didn't mean a whole lot to me. Unless you might be concerned that the company STILL could not pay his salary. Also, now he can do as he pleases because he has 53% of the voting rights. That never makes me comfortable when there is no checks & balances. I'm still trying to findout how he did all this without having majority control in the first place. Even with the ex-officers support they only had 37.23% voting rights. I guess they found enough votes to do it, but it was done behind closed doors and put into action with no notice, ie. - public filing.
The only thing remotely transparent about this is that "apparantly" he is hopeful that the stock's value will remain at .0012.
I simply don't get the excitement over this info. I guess some needed some kind of assurances that he wasn't giving up. But really, what else was he going to do with no revenues? In my book, a company that can't pay it's only employee's salary is not a reason for an expression of excitement.
I still believe that if there was a deal in the near future, the other officers would not have left. They didn't just take other jobs to get by, they left all together. Why is nobody concerned about that or even speaking about it?

Not for you Steve but, I'm hiding good news...REALLY? Oh! and could have taken the money and ran, now that's just plain funny!