Rubber Technology International (fka RTEK)

[razr]

If you don't consider this a bash than

you definitely have double standards. Please don't respond to this post, I don't want to continue dragging this "bashing" issue out. We need to move on.....

Let me see if I understand how to build a business RTEK style.

1. Pay myself, my wife (Anne G.) and other officers a decent monthly salary while losing money.
2. Hey there is no money to pay my salary(s) because of operating losses so I accrue the salary(s).
3. When I do need money I convert the accrued salary to shares at a sweet heart deal (at the time of the last conversion they were
issued for 8 cents when the market value was 12 cents) thereby diluting the value of the other shareholders holdings.
4. Sell some of the newly acquired shares on the open market to cover my personal living expenses.
5. More time passes and I still need more money to pay my salary while the company continues losing money, but the share price
is so low that step 3 and 4 is now longer a viable option so I issue convertible debentures to have money to pay my salary.
6. The conversion rate on the debentures are so good that a conversion could increase the number of outstanding shares by up to
20% Remember the conversion rate is 20% below the average market price for the previous five days.PS this is the second time
this step has been done in less than two years.

When I first bought this stock there were less than 15,000,000 shares outstanding. Now there are 72,000,000 and counting.

CSA, with your accounting degree you should understand the concept of market capitalization

20 cents times 15,000,000 = $ 3,000,000
4 cents times 72,000,000 = $ 2,880,000

So CSA I leave you with this question, do I understand how to build a business RTEK style?

----------------------------------------------------------------------------------------------------------------------------------------------------------------------

1)There have been 72M shares outstanding for a long time. The float has increased but but not the outstanding shares.

2)Now GolfD is saying he is an RTEK shareholder, hmmm? He needs to get his stories straight or no one is going to believe anything he says...

3)And No, TW is not paying his wife. That is another untruth.....

And you picked this post to show GolfD's credibility?

EOS
razr