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Re: None

Tuesday, 12/18/2007 5:48:56 PM

Tuesday, December 18, 2007 5:48:56 PM

Post# of 44855
I emailed Rick Berman, President and CEO a few times and to my surprise he answered my emails. He seemed to be insulted that the shareholders were not willing to sacrifice for the company. I pointed out that in the last year a $60,000 investment in RSDS would be worth $100 now. After the next R/S it will be worth maybe $.05 if we were lucky. He said he had always said that the strategy for RSDS was long term. So it seems that he may expect the share price to go to $5,000/share so initial shareholders would recover their investment. He stated

"You did not answer my question, if you do not have the revenue or sufficient revenue, how do you expect to service the debt? It may make you feel better to pontificate but you statements are not valid. It seems to me that you are a short term investor, which is fine, but I would refer you to every comment I have ever made about the Company's strategy and it is and has always been long term. Russell Industries will not always be a pink sheet company based on the strategy it employs. If you do not understand this you will always be disappointed and think of every other reason to justify why this investment does not meet your short term agenda."

I wish more folks would e-mail him, he sounded like a real jerk to me.