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Tuesday, November 06, 2007 7:30:09 PM
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Lets review the positives and negatives here:
Positive:
Sept 17, 2007: Field Report for Russell Industries Inc.submitted by Layne Berman and Tony Brandt
The result of the laboratory confirmation of the samples taken from Russell’s Cache claims validated that there is, in fact, uranium present. Although the percentage of ore from that particular sample is not considered sufficiently mineable, the result is such that drilling should continue on that permitted area in Utah’s Lisbon Valley, and the target depth should increase to an average of 350 feet.
Oct 13, 2007: Russell Industries Rage Claims Exploration Authorized
November 1st: Small mine reclamation permit in the works
Negative:
August 16th: A/S increased to 10 Billion
PR'd September 25th: Russell Industries has elected to not acquire American Uranium Mining, Inc. (effective June 19th but not PR'd for 3 months!!!!!!)
November 6th: Russell Industries No Reverse Split for 2007, but says one will be in 2008.
These are the facts from the last few months. Sure there have been good developments, but not enough information is coming to answer many questions. You mention contacting the CEO directly. Well, this has been done and pushed right back in my face. Berman refuses to answer any questions that are proposed to him. I have no problem seeing the good side of a company, but a good company managed poorly is not a good company. The PPS says it all.
Your statement: "But maybe thats the naysayers intention is to hurt the company?"
Sure, this may be true, but me, I have invested (and lost) more money than most here. Trust me, I want to see that money come back to me, but I am not going to put on the "rosie" glasses and pretend that everything is alright in RSDS land. There is a lot that needs to be done to right this ship and like I said before, I remain very skeptical of the man tasked to do this.
Your statement: "I sure hope someone sees the (good) light through the tunnel soon."
I agree, but it is hard to see the good light at the end of the tunnel when what we see at the end of the tunnel right now is a R/S. This is what is killing PPS here, not skeptical investors
This is not a rant on anyone here, and I am sorry to parse surfer's post so much, but I wanted to present the facts rather than shower this board with unfounded statements that could not be justified with facts, like a basher would do.
-faz
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