WoW!
I've been away for a few days playing a bit of catch up since my trip and today and my Secretary comes in and tells me that RRGI is at 43 cents! Oh My!
Well gang, I don't have much time here but MIMI is correct. The four million shares sold off in the past two days is most likely not the result of impatient traders like you. There has been no news from RRGI to warrant the big sell off and most pink sheet traders would rather ride the horse they are on. RRGI investors have been content with virtually NO verifiable good news so why would anything change?
My hunch is that RRGI is dumping in more shares to raise capital - but it is not near enough money to produce the show, but could pay some of their red ink. I will probably know by the end of the day how many restricted shares make up that 4 mil traded over the past two days (the volume is too high to be all restricted shares).
Here is what I will do later this evening as time allows. I will give you guys some contact numbers (cels) of the players out there from the Bros down to the track manager at the Bronson Speedway. It was reported to me by a recent snoop who contacted Bronson that there were now only eight or ten contestants? Anyone else hear that? Regardless, at 40 cents per share, it might be time for some of you to ring the phones of the powers that be within RRGI and ask them first hand exactly what is going on. I presume that this information would be relevant to this board and not be deleted by Hogs?
Also, I will have to show FATDOG the post where he signed off with the initials of RRGI board member GxxA. I'll also explain the relevance of the prior production company's role back when RR was to air of FOX. Does anyone know what happened to those 4 million shares? And when was the last time that RRGI provided any type of financial statements. FATDOG, you seem to be an expert with RRGI's financial statements (the ones you call audited). Can you shed some light on that?
Until next time
Bonded1
