Markray Corp (RVBR)

[eik]

I've spent some time researching Keshe Foundation, and, as a result,… bought a couple of RVBR shares - just to watch it in my portfolio. It looks like Delaware issues have been resolved. Besides, I got answers to many of my other questions. Even Slovenia thing doesn't look that strange anymore - KF is very active in this country: active facebook profile: https://www.facebook.com/search/top/?q=keshe%20foundation%20slovenia&epa=SEARCH_BOX , and some production facilities over there: https://community.keshefoundation.org/albums/view/314

Pros and cons...

CON: Keshe chose the worst possible Pinky stock to go public. People who have been watching RVBR for years automatically get sick when they see this ticker. Dirty stock with dirty history.
PRO: I can guess why they did this. It was probably the cheapest stock around. I believe KF got it for free with one condition: former Russian crew would keep millions of their insider shares and can sell them during the run. (IMO)

CON: Keshe Foundation does look like Worldwide religious cult. MT Keshe is a strange person. He believes he is a messiah and his place is in one room not even with Tesla, but with Jesus, Muhammad, and Buddha. Particularly, his Letter to RVBR shareholders made more damage than good to the stock price.
PRO: He is not a company executive officer. He is the Chairman. It's kind of “normal” to have an odd person from another Galaxy as a Chairman . After all, we are not going to attend Keshe Church. The real management will be announced later, and hopefully it will include real business people – those who are responsible not for “ideas”, but for production, those who created and maintain multiple branches and multiple websites selling items around the World.

Although, there are many negative information about Keshe's claims & theories, the company does sell a lot of stuff in many countries. You can find their products in popular online stores, where most of them receive positive reviews from customers. See, for example,
https://www.etsy.com/search?q=keshe
https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2380057.m570.l1313.TR11.TRC2.A0.H0.Xkeshe.TRS1&_nkw=keshe&_sacat=0
https://store.keshefoundation.org/store/
https://www.keshe-plasma-products.com/store/usstore/index.php

!

The company produces real revenue, which we will see in upcoming financial statements. According to https://www.owler.com/company/keshefoundation Estimated Annual Revenue is $7.7M with 56 estimated employees. It means that current P/S ratio is approximately 0.12/7.7*50.3 = 0.784, which is extremely low and means a “Strong Buy” by any standard criteria. Even with P/S = 2 (share price $0.3) it's still considered a “Buy” https://www.investopedia.com/ask/answers/032515/what-considered-favorable-price-sales-ratio.asp .

As to the current price pullback... Technically, it's just normal 50% retracement at this point. As we saw earlier, initial short interest was close to zero. I believe the major selling pressure came from old Russian owners, who are happy to get rid of their positions, and individual bagholders who spent years without any hope for price recovery. If the price dives below $0.10, even more of veteran bagholders will jump out protecting their hard earned gains.

Bottom line: It should be interesting to watch RVBR after they change the company name and stock ticker (this is in their plans). Even if this happens to be a pyramid scheme (which is possible)... well, at least it's kind of sophisticated pyramid, and they've just started. So, chances to find a “greater fool” in future are pretty high.

This is my excuse for touching this stock...