Rudy Investor, I'm not particularly impressed with this stock's prospects.
In the last 10Q they announced that they have NO cash and significant debts. Their total assets apparently are a few pieces of office equipment (based on the incredibly low value assigned to that category). Also, since that 10Q, RDYF has filed two 8K's both announcing a change in leadership. In three months they have gone from Pearl Asancio/Ascancio to Howard R. Hunt Jr. to Alisa Taggert. In April one of their major shareholders converted his/her 50,000,000 shares of preferred stock to common shares. Considering that after the 1:1450 reverse split in September of 2005 RDYF had less than 60,000 common shares issued and outstanding with 950,000,000 authorized shares, it could be that shareholder that is doing most of the selling here.
I also question where RDYF came up with the resources to acquire a company like Early Detect (if it is,in fact the same Early Detect as in earlydetect.com). Apparently Early Detect is a thriving business. What does a bankrupt shell offer them other than the chance to be a publicly traded company? That is, incidentally, something they could do without Rudy 45, as well. And now, RDYF announces that it is looking at acquiring yet more companies and the same question goes unanswered.
For my part, I'll wait to see if anything in RDYF's next 10Q allays these massive uncertainties. If it is on time it should be coming out soon.
GLTY
銀風
"I won't insult your intelligence by suggesting that you really believe what you just said."
