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Tuesday, December 16, 2008 9:48:06 AM
Any and all large shareholders have overnight been turned into bag holders, at there is not much of a market to sell the hundreds of millions of shares held by this board. They are stuck.
Many longs may have bought shares here on the assurance from the CEO that a reverse would not be effected. Not only is a RS in effect but one designed to totally wipe out more than 90% of your invested dollars.
Without Peter giving a proper shareholder update, and keeping current shareholders intact and excited, I dont see this company selling the amount of shares he needs to.
Anyway, concerning the exclusivity of a Revenge manufactured parts, it appears Peter is signing exclusive rights to these parts away, meaning anyone can build a Revenge Designs GTM if they have the parts. My feeling is that a significant deal is being forged with Factory Five and whether or not Revenge stays in business, they retain the benefits or work done.
Factory Five has the most to gain from this venture way more than anyone else, including us at this point. The sad thing is that Peter has not even informed us of any progress with FActory Five, whether or not it met their standards.
JMHO I think the big surprise has to do with F5,Penske, or Harrops and is not the RS. Everyone kinda expected an RS at some time, expected more dilution, being kept in the dark so no biggie there.
P.
Great minds board: http://www.investorshub.com/boards/board.asp?board_id=5388
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