RDE Inc (RSTN)

[chemist72]

Mostly agree with your analysis.

If uBid intends to uplist to NASDAQ a 1:40 RS won't do it. If they can push their stock price up over $.04, then a 1:100 RS might be enough. In any case, this is all highly speculative as we really know very little about the company's plans going forward.

Same goes for revenues and profits. Not much to go on except what was recently disclosed in their 8-K on 1/9/19:

https://backend.otcmarkets.com/otcapi/company/financial-report/210095/content

Longs have to be betting that uBid/SkyAuction will be able to expand their current customer base and with that increase their revenues and profits significantly from what they have been the past few years.

The document referenced above is 302 pages long. I have not read it in detail and probably won't spend the time necessary to do so. Hopefully one or more longs will be able to read the details in that document and provide at least some of the most important information to the board. Otherwise what has already happened the past few years and currently with the merger will remain obscure.

I was able to scan this document quickly just to find the current number of outstanding shares, which was an important number to me. I am still following developments here while possibly looking for an entry point in the low 02's.

In any case, I wish all the longs here the best of luck. The next few months will likely be very interesting and very important to the longer term success of this newly merged company. - all the above is jmho