I think that many of the longs here feel the same as you.
It seems that Alex IS the company right now.
What we are seeing is the result of many bad decisions placing trust and responsibility in unethical partners.
Let's review:
Alex was purportedly "searching for land" with Harel in the Hereford area....seems strange to me...but I'll take it at face value.
Alex partners with Harel who already had a history of manipulating press releases and contract. (Later to cause his demise)
Harel's uncle has a relationship with The Maxwell Group and brings them in. Known or unknown to Alex, Maxwell has a two year history of manipilating start up shell pink sheet and BB stocks through mailings and a group of pump and dump pros. (If Alex didn't know their history, he should have)
Alex and Harel divide millions of shares up giving a huge stake to Maxwell and their flunky's. The rest is given to family and friends.
The plan is to build a start-up water bottling company based on self taught water industry founders using 'advisors" and sales reps. Harel was going to handle the marketing- contracts and press releases and Maxwell was going to provide the expertise in the markets.
Mistake and mistake- and you must hold Alex accountable for making those two very poor choices.
Now, Maxwell has a new shell in their pocket and is handling all of the IR responsibilities while planning to conduct yet another pump and dump. Huge conflict of interest!!!
I would have to assume that Harel is cranking out releases and bizarre purchase orders at the direction of, or with the help of Maxwell, who, honestly thinks they can get it to the BB with a $5.00 stock price on heavy volume and ultimately cash out when the Wall Street boys buy in.
The first problem hit when the "self learners" started making mistakes which delayed the production facility start-up. The other end of the plan, Wall Street exposure, i.e. the TV ads went off much too early. Things were out of sync.
Maxwell got it to $3 and hit the wall. There wasn't enough volume to cash out so they actually put some of their own "network" cash to work supporting the price all the way back down to $2.00 while others were selling. It seems that they didn't have control of enough shares. This was not working out as the other pump and dumps they had participated in had.
At this point, I think they threw in the towel and let it sink. I'm not sure if they simple sold it all and took the loss on the new shares which may have evened out with the free shares...or actively flipped and shorted the stock. I do know that many posters that follow their stocks were bashing the hell out off it and are still spewing nonsense. You make the decision if they are still short or still hold hundreds of thousands of long shares with a plan to run it back up after thay are finished breaking the bank with MXFD. Nobody I know has a clue.
So, here we are...Harel was forced out with Fed problems. Maxwell was fired and may or may not still hold a lot of shares or may or may not be naked short.
That leaves us with Alex...who has several million shares in the family at .05-.10, a lease in default (I'll admit that Thirstytwo), equipment that may or may not be accessible and very wealthy friends and investors who can make a tremendous amount of money if a new business plan can be established using trustworthy professionals. The shell corporation is intact and Alex is exploring options without a deadline until December. At .05-.10, the negatives have been factored in. I for one think there are many options and combinations that could be successful. And remember, if Maxwell is holding all of their shares...they will eventually make a move to run it up and dump them.
We can't dwell on where we were with the stock price. It's now floating between .05-.10 on tiny volume. Market Makers are not allowing anyone out unless you sell at the bid.
A positive is that there is someone buying it all @ .05-makes you wonder who it is?...
Alex is the man right now...he is all we have. He made very poor choices trusting his company's reputation to people who had no ethics. Hopefully that is over and the new investors and potential partners will do things correctly....after all, it's not rocket science to bottle water and sell a lot of it.
I'm long...and hopeful that things will be handled by reputable pros going forward.
The preceding post is my opinion of the history of RSPG as arrived at through reading all of the SEC filings, reading every RSPG post on both IHUB and Yahoo, and one conversation with Mike who I was referred to by Maxwell, when acting as their IR firm.
Billion
