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Re: None

Wednesday, 06/22/2016 9:48:30 PM

Wednesday, June 22, 2016 9:48:30 PM

Post# of 525
IMO, this company stock is ripe for a big raise upwards. Extremely low valuation coupled with very small stock float with all the bad news more than factored in.

Hard look at the numbers below. For a moment set aside the cash flow concern now that I will visit later.
15 million annual revenue. At 3 times annual revenue (extremely conservative valuation for a communication company), it should be trading at 45 million market cap.

This is almost 12 times current market cap. Mindboggling!!!

Coming to cash flow concern's and reasons why I think stock will go up.
1. Stins Coman (75-80% owner) has an agreement with the company to loan additional money for continuing operations. What incentive does it have to not fund RiTT and make it declare bankruptcy instead of resolving this concern and sell it off later for a p/Rev of 3x (12× current share price). This looks to me more like a ploy employed by Sergey to cleanup house and have a new team.

2. Additional revenue to be collected across the world even though they are having issues with Russian collections.

3. Potential for mergers/acquisitions.

4. Very low float. 3 to 4 million shares as most of the remaining owned by Sergey Anisimov.

5.it was as recent as 2015 fall/winter this stock was at $2+. It takes very little to move it upwards with its extremely low float.

I am a long and all above IMO. You can read through their reports and do your own due diligence.