As long as the share availability is as fluid as it is at this time, then the MM's can and will do absolutely whatever they please.
This is what they do for a living and they're much better at it than the normal investor is, it’s just that simple
My belief is that as long as there are still shares available under the A/S number that the MM's will have all the cheap shares that they'll need available directly from the Company.
There's an old joke about the novice investor who calls his broker and buys some shares in a penny stock. The next day, the stock is up, so he buys a little more. The third day, the stock is up again, and he buys even more. The fourth day, the stock has gone up so high that the investor tells his broker to sell some of his position, to which to broker replies "to who?" Right now, I believe that we’ve been the only “who”.
The believe that the current “old shareholder base” of RVGD now constitutes just about all the buyers.
I believe that the Company has been a consistent seller.
Therefore, if there is ever going to be a true "market" for RVGD shares, it will have to be built on the dollars of new buyers who become involved after basing their investment decisions on what they perceive is going to happen moving forward.
Unfortunately, because of the obvious disdain and lack of both transparency & credibility that RVGD management has historically demonstrated, it will be interesting to see when these new shareholders may choose to become involved, as well as what information they may seek prior to doing so.
My often mentioned belief is that the GTM introduction MUST be followed by credible operational and documented positive sales and financial performance before any significant new investor dollar influx can reasonably be expected to emerge and affect the long dismal PPS.
Today, Honda, in a totally unexpected move, dropped out of F1 after decades of involvement.
Today, Audi, in a totally unexpected move, dropped out of ALM after always being a strong presence.
There's a strong message in those two preceding announcements, and it's not about how well things are going in the car biz, even at the manufacturers who are still profitable.
While I recognize that there always has been and always will be a niche for the “super-car” market, this isn’t the best time to be looking for investment in any automobile company, much the less a start-up with the investor relations track record that RVGD has.
If the stock is going to ever move past the well established $.0004 bid barrier, then many, many things have to happen, and the Company’s interests will best be served by starting to do things right sooner rather than later. Today is never too early to start.
