RDE Inc (RSTN)

[InGodshand]

We have all seen more unrealistic market caps. This is at $13,000,000 ish, call it pre-revenue company. Looks like an up to 40 to 1 reverse split, will take share count down to 10-13 million or so.

Looks like the insiders prepared for the above, and should make out nicely based upon all of the share they own and loaded up on.

The most important thing they need to do is execute plain and simple, and looks like they have some old debt to take care of or could hamper their plans and capital plans.

Also found it interesting they bought SKY Auction for what looks like approximately the equivalent of $10 million though there seems to be some risk in the promissary note and if the share price holds up. In anycase Michael Herring sold it for a good price as compared to revenue and earnings.

I am long here at 2.5 cents per share, but no upside can be seen at this market cap, until certain things gel together. The market cap still seems a little high at this point. All IMHO.