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Saturday, June 09, 2007 9:10:14 PM
The problem is the company got screwed by a funding company that was suppose to underwrite their mortgages...that company, Laurus, didn't have the money to fund what they promised.. It put RHWC behind by several months because they had to go find a new warehouse line...which they did. I am sure Laurus was one of those who were shorting the stock. RHWC couldn't promote their stock (no reason to) until they were starting to make revenue... which, they are now. I think the CUSIP change is the first real step toward cleaning things up and a lot of positive momentum. There is NO reason to do a CUSIP change if you are blowing out of stock...it will probably cost the company $20k just to do it.
There will be a lot more great news. Just have to finish the name change/cusip change. ...which, is done on the company's part...Nasdaq is the slow poke.
Not saying buy or sell... but, usually a CUSIP change means a major positive change for a company. Take it any way you want to.
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