August 2009
RRD hires identifiable contractor
Asbestos Survey Complete
Electric Ordered
Address Assigned
Testimony Under Oath Provided
Cleanup done on property
Thats all well and good but Sept. is 3 days away. Only 30 days until Nov. after that. The weather will be chagning Mook. It will take months if not a year to take down the factory the way they want to do it. NOTHING is going to happen this year in that regard. So that leaves next spring before anything with SUBSTANCE happens to the factory. They have squandered yet another whole year.
The first time they ran this up to 8 twice on fictitious news claimimg the factory is worth 12 to 15 million dollars and stating they will take NO bids under that price only to settle at 6.3 and only after twice delaying the BID announcement causing the PPS to crash back to 1. This time they ran it up on what I believe to be more fictitious news of a buyout. The PPS is now, yet again, in a decline because they have failed to follow up on that PR.
I am not some trader that bought into this for the quick flip. I have been here since day 1 and you and everyone else thats been here from day 1 know this. Way to many times this company has released the "the parting of the red sea news" letting insiders who control the majority of the shares reap the rewards while their base of long term shareholders get swallowed up by the floodwaters when they don't follow through on what caused it to go up..
The only ones pissed at me for doing what I'm doing are the ones who have bought into the companies nonsense hook line and sinker. Thsoe few company insiders who control the float up and down are silently praising me because I will possibly help them get their 2's and 1's for next spring because I can't possibly see any demolition of the factory until then. Some peeps are even hippocrital in the fact they have publically stated they will buy all the 1's and 2's they can get while publically lashing me here. They should be thanking me, not laying down the lash
Winter is fast approching. IMO there will be no demolition, no timber, no coal, no gas, no developemeet of any property till next spring. What do they have left to PR? Dominion or the buyout. There not going to PR either one because it's plain to see that this one is dead for the winter. They will use this opportunity to steal money from all the holders that bought into the news they released and didn't follow through on yet again. When nothing happens over the winter those people will more and more sell for a loss. The company is counting on it yet again.
Peeps do not load up 150 million shares or more only to sell a mere 10% or 15 million on a pop to 8 for a measly $12k. They sell 100 million for a more respectable $50k at 5 average on the way up and down holding that core 50 million. They then put huge bids in at 1 and 2 because they know the MM's are going to take this to where the money is sitting when the buying dries up on lack of real performance of the company.
That is the truth about what is going on here whether anyone wishes to believe it or not. I am going to use this opportunity to load up on the cheap with them because we both know this is going down for the winter.
AI
