Reliant Financial Service Corp. (RFNS)

[2-edged-sword]

Ouch! This one hurts. It is a shame that Reliant's launch and the Sub-Prime fiasco happened to occur together. Otherwise I bet things may have turned out differently. Selling at this point is pointless. Might as well wait and see if Reliant can find someone to insure their sub-prime loans or we can get a run up on more promising news. Frankly, it is very bleak and it is going to take a miracle finding someone to insure these loans. On the bright side I guess I can recoup 25% of my 25,000K loss with a tax write off.
I am pretty much done investing in OTC or Pinks. There is too much corruption with the MM's and not enough information from the various companies to make good investment decisions.
GL