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Re: Briboy post# 32882

Sunday, 12/02/2007 5:46:25 PM

Sunday, December 02, 2007 5:46:25 PM

Post# of 44848
Bri,

Nice post. While I agree there are positives about RSDS, I can't help but to think, in my opinion, that this is a list of talking points handed down from the CEO to you.

Sure RSDS has 254 claims and we have an idea of potential valuation of one of them. However, we still lack any concrete plan to explore, evaluate and then produce, not to mention that the exploration to date has produced exactly nil. WHY did we not start on the PAYDAY claims? There is loads of data on them.

I like that RSDS has contract to sell the tailings pile, however, this represents a one time source of revenue rather than a revenue "stream".

As for the REVENUE, yes I did say REVENUE, why does Berman feel he needs to continue to generate cash by selling shares? Oh I know, the company line...something like...What us iHubbers think is dilution is actually an opportunity to buy assets without having debt; what we call dilution is in all reality liquidity.

hmmmm....oh wait, I think that actually takes care of your last talking point.

Bri, I like that you have a positive outlook on things, so here is a positive thing that you can do. Why don't you try to derive a valuation of the company based on these positive details and come up with an estimated PPS using 3,089,450,237 shares outstanding.

The problem here Bri is that many have seen emails from our CEO with the same set of talking points listed. In my opinion, it is a joke that Berman thinks that he wields any influence on this board at all after his consistent display of complete incompetence regarding the drill program that he has engaged in.


While the positives are great, it is incredibly naive to overlook the rest of the facts. I have listed some of them below.

1. A/S of 3,089,450,237 shares.
2. O/S of 10,000,000,000 shares.
3. PR indicating R/S in 2008.
4. Drilling activities halted.
5. AUMN was not acquired, but bought by Berman instead.
6. Zero results to date of the drilling campain.
7. Zero communication from the CEO to shareholders.
8. Consistent errors and half truths in the PRs
9. Multiple 504's
10. PPS DILUTION (that is right BERMAN, I said dilution!!!)
11. NI 43-101 reports promised, but no where in sight.
12. Minimal financial accountability.
13. Ignorance of uranium exploration.
14. 1 whole employee...Berman himself.
15. Resignation from TRSI.

That is just a start...but seems my list of negatives is already longer than your list of positives, 3X longer.

Trust me, I want my money back and as soon as I get to break even, I am going to unload every share I have. However, I am not going to do that on the backs of potential shareholders who are not privy to all the facts because they have been overlooked, or worst case, deleted by mods. AND...I will certainly not allow this board or any of my statements to be influenced by the CEO of RSDS. This is a forum for expression of ideas regarding RSDS and if Berman does not like it, then he can take iHUB off his bookmarks, shut down the computer and maybe get back to work and actually try to produce something!

Hope you have a great day!

-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