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Re: bowman88 post# 218

Thursday, 07/05/2007 10:45:14 AM

Thursday, July 05, 2007 10:45:14 AM

Post# of 1278
I'm a short seller. Found a small borrow on this stock and am short it.

As far as fundamentals, the best indicator of value, as accountants would tell you, is the price determined by a transaction between an independent and knowlegable buyer and seller.

In this case that value is best determined by the price paid by RVNG for the reserves it holds. That amount is much, much lower than the market cap of the stock.

The value of those reserves did not suddenly increase by 1000% just because the stock is promoted. The simple explanation for the market cap is that the stock is being promoted so that large stockholders may sell into the hype-created market.

That is how it works, again and again, on the BB. Selling valueless paper to a gullible public. Truth is the enemy of that seller.

Again, thank you for the civil tone here.

Peter