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Thursday, November 01, 2007 12:29:30 PM
If he cannot come clean publicly and do the right things and state his real intentions with this situation expect the same till next August.
The market and people in it are not stupid and can view what is occurring from L2 and chartist can read when dilution continues.
A stock cannot do both. If the pressure stays on this stock as it has its like me putting money in one ATM machine and the wife is extracting the same amount from another.
Berman has been the problem and only he has the real solution, but as we can see what his intent is. He will be there with his MM to take it. So if you want to see something other than this happen here, then look to him. It doesn't cost this kind of money for clean up on and one acre site.
Furthermore Berman cannot proclaim this to be a holding company and Aumn not be a subsidiary of this company. This would mean that shareholders own a stake in it.
Upon entering into both contracts, The Company plans to remove the material by truckload and deliver it for sale to White Mesa Mill, located within thirty miles of the Maynard Topaz Mine. The Company will then be responsible for reclaiming the approximately one acre site as required by the Utah Mined Land Reclamation Act, Sections 40-8-1 et seq (http://le.utah.gov/code/TITLE40/40_06.htm).
“The sale of this material will represent Russell Industries’ first revenue since the Company was cleared for quotation in 2006. It is even more gratifying to see this revenue was generated from the Company’s 2007 strategic business plan and business model. We will continue to follow the plan and look for further success in the remaining quarter of 2007,” said Rick Berman, President and CEO.
Russell Industries, a Nevada Corporation, was incorporated in 1997. The Company is a holding company that will possibly acquire assets in the energy, mining, healthcare and financial industries.
The Company owns a majority ownership interest in 254 Unpatented Uranium Mining Claims in San Juan County, Utah as of November 1, 2007.
How in the world do you think this stock can move if he is constantly selling shares?. His MM is selling today as we speak or type. This and this alone will keep this stock at this level and this alone is why this cannot move. Add up what these tens of millions of shares represent on almost a daily bases to shareholders and to him with 20 trading days each month.
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