RSPG is a start-up company that had no business trading up to $3.00. Maxwell was the driving force behind pumping the price up to allow them to cash out since they were paid soley in stock.
Maxwell was greedy and wanted out at $5 all at once on heavy volume. To get there....they operated as a "boiler room" to pump the share price.
As they were waiting for an opportunity, they bought shares to hold it at $3 and then at $2. I'm not sure who the BIG money was who was buying...perhaps it was GGI who ended up with 1.9 million shares or perhaps they bought out Maxwell's shares to get them out all at once at a discount. Not sure how they arrived at 1.9 million shares.
Either way, RSPG would have never traded over $2 dollars as they were ramping up. Even now, they are not worth over $2 based on their business stage or contracts. However, they ARE worth well over .40 and I am buying this discount.
As far as the price goes, Maxwell has EVERYTHING to do with the way it traded to this point and why the selling continues.
As soon as the seller is out....RSPG will trade on their business fundamentals...in that area...they better get going.
I'm continuing to buy at this level....naked shorting is a very dangerous thing to play with...just about anything can bake them in one day. It is my understanding that there is still a lot of greed associated with these shorts.
I have talked to Mike...100% hype...glad he is gone.
This is a classic pink spec play.
I've made a lot of cash playing these situations and will
do very well here as well.
Love this opportunity!!
Billion
