Monday, January 14, 2019 12:39:16 PM
I read the document and am long here for the following reasons but it is with extreme risk.
1. The market cap for an internet play is not too bad at $13,000,000 today.
2. My read into the filing and just my personal opinion, is that they believe they will get current share price above .10 per share before executing the 40:1 reverse split. I also believe a 100:1 reverse will not leave enough shares for a liquid market for the securities.
3. I believe especailly Thakker, Esposito and Herring are extremely motivated to make this worth something. Between just 3 people they own 1/2 of all shares. Their reward could be huge.
4. They need to get some capital in the doors now, or none of this will work. It looks like they owe some money, and have hardly any. They have no credit line, no bank, nothing in the filing except maybe a hedge fund they owe money to. Without a little runway, there is no chance for any of us, that is why it is a 2 cent stock.
My analysis tells me, and I do understand this space, that a $100,000,000 valuation long term (2 years out) should not be hard to obtain, if they can get any kind of traction. .10 -.20 per share pre- reverse split.
Recent RSTN News
- RDE, Inc. Announces NASDAQ Ticker Symbol Change to GIFT • GlobeNewswire Inc. • 09/03/2024 12:30:00 PM
- RDE, Inc. Appoints Steve Handy as Chief Financial Officer • GlobeNewswire Inc. • 08/26/2024 12:30:00 PM
- RDE, Inc. Reports $20.0 Million Revenue, Highlighted by 25% Increase in Gross Profit for the Second Quarter Ended June 30, 2024 • GlobeNewswire Inc. • 08/15/2024 12:30:00 PM
- RDE, Inc. to Begin Trading on Nasdaq Capital Market on Wednesday, August 7th • GlobeNewswire Inc. • 08/06/2024 12:30:00 PM
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM