Monday, July 09, 2007 10:59:44 PM
Its like monopoly money. In my opinion they will eventually issue all of the 400 million shares or sell them off themselves. This brings us to what the stock should be trading at. With a market cap at around 5 million, the stock is grossly overvalued. More stock being issued would put the worth at around less than a penny. So for all of you waiting for it to get to 10cents or more, lots of luck.
Misinformation! This is a pinkie stock, not a blue chip with balance sheets and income statements for all to see. Pinkies are worth whatever the market believes the CONCEPT and FUTURE of the company is worth. All you have to do is look up Plug Power, a company in my neck of the woods, and see what they were trading at in 1999 - 2000, the stock shot up like a rocket, out of control, on pure hype and speculation.
If word gets out again about RR en masse, especially during the last few episodes, to the investment community at large, there will be enough volume buying to launch this stock into another run, at least to .28 again, probably well past that. IMHO of course.
Don't stop panicing yet, but you can relax a little.
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