Soup714
The "insiders" are regulated as to the amount of shares that they can sell off. See SEC Rule 144.
I can attest with certainty and with the proof in my hands that the insiders have been selling off their personal shares of RRGI every since they hit the anniversary date of the required one year holding period. Since early October, they have averaged over ten sales per month in average blocks of 20k to 50k shares per transaction from the time the stock was in the upper thirty cent range right down to selling off at under a dime.
In a nutshell, it equates to about a $300k dump per player over a period of several months. Now if you believe that a reality show can be filmed and aired in less than sixty days but it took two years to put this perfect deal together with spike, you have silly putty between your ears. If there was really going to be a hit reality show, would the insiders not be morons to sell off at the consistent and predictable pace that they have been. They have sold short irregardless of the price. Selling short certainly does not provide the appearance that this team has much faith in their own product or effort to produce a hit reality TV series.
What is going on now are sales of additional shares that are causing dilution. It just might be time for someone at RRGI to state the number of shares that remain unissued. Something tells me that the old numbers on the well dated UNAUDITED financials may not be very accurate any longer.
As a side note for the member here in this forum who likes to privately email with name calling and slang, – It would be illegal for an insider to provide an “audited” financial statement for a publicly traded company, and as such, the financial statements prepared by the RRGI insider, are nothing more that carbon dust on paper.
