Just a few considerations.
In the penny market,the dog days of summer are almost over,with many on vacation. When school starts(Aug 26 in my area)people start playing the pennys again.
Shorters/bashers have many penny investors brainwashed re dilution
First,there is no known or proven recent issuance of shares and issuance does NOT result in dilution of share price(the important thing) unless Co. issues shares for less than what they RECEIVE IN RETURN.
Dilution of share price only occurs when a Co. in desperate fin condition dumps share below fmv. I don't know what RELM is doing w financials,but I've researched 1000's of pennys w my acct/eco etc degrees,and even if their assets were only 1/10 of what they had claimed they would still be undervalued compared to most pennys.
The recent decline in share price is due to the usual hysteria(created by bashers/shorters)and manipulation by bashers re these things,causing nervous nellies to flee to the next stock,where they allow themselves to become victims of bashers/shorters there ad nauseum, in addition to the thin bidding in the last dog days of summer.
AT .0004/share the Co. would have to issue 400 million shares to raise just 160k.
There has been no such dumping and RELM has no reason to do so,unless their true value is on the order of one ten thousands(1/10,000) of their last claimed assets.
Last I knew they had many millions just waiting to be invested via acquisitions,which would bring a greater return on investment,which would INCREASE share value. Of course,all this goes out the window if there has been massive fraud,but there is no evidence of that either,and if that is your mindset re every penny,you shouldn't be in the market anyway.
