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Sunday, August 15, 2010 1:58:31 PM
The reverse split will occur folks. By the time the SEC gets around to reading your complaints it will be weeks if not months from now. Though, that does not mean not to send them. Ronn needs to pay the price if he lied.
That said again I say Ronn needs to go!!!!
There needs to be a new CEO and board members period.....
Then and only then, (which I doubt very much), could there be a recovery..
Bottom line and rule of thumb, do not buy until after the reverse split. Then wait at least 30 to 60 days to see where the dust settles. Avoid getting screwed...
Do not get excited to PR's coming out before or right after the split. Folks there are 2 years of PR's that now represent only 5000 or so units sold. Do not get caught in the trap. Remember the financing has occured based on nice returns guaranteed!!!
The financiers will buy at discount and sell at a guaranteed premium left and right. Bottom line, the mm's and financiers will make money!! Off of who?????? you the retail investor.....
Please be careful and dont jump... Let the dust settle atleast 30 to 60 days after the split and DEMAND THAT RONN GOES AND SEVERAL NEW BOARD MEMBERS BE APPOINTED....
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