The way I see it....
Due to the lack of actual signed, binding contracts and the questionable production status of RSPG, we shareholders must watch market makers battle back and forth day after day.
There is definately naked shorting going on as well as an unidentified long component attempting to support the price.
Both sides employ all the "bag of tricks" to move the price their way. I do not know who is supporting the price or how big their wallet is...but they are now "on the hook" apparently for millions.
So, basically we shareholders with 10k, 20k, 50k, 100k share positions are not the "players" that matter. However, due to the large spreads created by both sides, any exit from the your position is both difficult and costly.
I am reassured that there are people on the long side who have a significant investment in RSPG. I would assume that they have MUCH more accurate and timely information that we do. As far as the naked shorting goes, they are serious trouble if actual contracts are announced and/or the company indeed moves to the BB.
The open house is encouraging in the fact that the production facility must be in pristine condition ready to "rock" or they would not allow a single shareholder through that door.
Overall, we are invested in a company that:
1. Moved very quickly with limited risk to convert a deserted sugar plant into a "state of the art" water bottling plant.
2. Are involved in a very "hot" industry.
3. Have a tremendous number of naked short shares on the hook if they can execute the trap.
4. Are actively attempting to move to the BB.
5. Have great interest in an unsually high number of market makers for a pinky...(obviously positioning themselves for a major short squeeze)and there must be a very good chance of them making it to BB where MM's will be in early for the ride.
6. Have a serious problem in the sales area. Ask yourself why they can't close a deal...Great price, great taste, good distribution, ...the only thing that I can think of is...they are not in production yet. Something is holding them up and they are not talking. Maxwell is up to their ears in the deal with RSPG and may even be guiding them and making all PR decisions....definately not a good thing for us shareholders , but may end up helping the price soar.
As spec plays go, this is a monster who is struggling to put the last pieces together and WILL not spill the beans as to which pieces are causing the problem.
Until the puzzle is complete...we are at the mercy of the brutal market maker who are playing a dangerous game to tank the shares as big money tries to maintain the price until the puzzle can be completed.
It should be a wild ride and both sides are on the clock....
Huge risk/reward on both sides with 11% spreads and wild swings on each tick.
Billion
