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Re: IamtheWalrus post# 31789

Thursday, 11/01/2007 3:08:06 PM

Thursday, November 01, 2007 3:08:06 PM

Post# of 44848
Walrus,

That may very well be true, but there was nothing done to earn that revenue. My favorite line from the PR today is this:

“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.

So what the heck is the business model you might ask. Well:

From August 31st PR:
August was a very busy month for us and we will continue to follow our strategic plan for the remainder of 2007. We have further defined our business model as staking, claiming, permitting, drilling and selling proven and probable reserves


So when the heck did the business model include stumbling onto a giant pile of tailings and sell them to White Mesa Mill for the companies first look at Revenue? This is why I still consider not only RSDS a joke, but the man...errr...coward running it. Do the people that are sucking up shares have any idea of what they are getting into? Do they know that they are better off lighting their money on fire rather than giving it to a con man that has no idea what he is doing.




ALSO

Did anyone notice the change in the description of the company ant the bottom of the PR?


From the September 25th PR:
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 254 Uranium Mining Claims as of September 25, 2007.

From todays (nov. 1) PR:
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.



Unbelievable! What does this mean? Why are they unpatented now? Why has he changed the business strategy to possibly acquiring assets? Is he getting ready to take the Revenue that he got hear and begina new business venture? Hmmmm....?

-faz



"I swear by my life and my love of it that I will never live for the sake of another man, nor ask another man to live for mine." - John Galt