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Re: The Rainmaker post# 2425

Saturday, 01/08/2011 4:33:07 PM

Saturday, January 08, 2011 4:33:07 PM

Post# of 5735
Key point with RPC versus BMOD. RPC ran up a staggering $41 million dollars in debt developing their test. Now they are diluting shareholders by over 300%, taking shares O/S from 36 million to 156 million. All 120 million newly issued RPC shares will be free trading and can be sold into the market instantly.

BMOD did an amazing job getting New Mexico to kick in almost $2 million dollars to fund Phase II. Virtually no debt and most of the way done with Phase II. BMOD heading into the home stretch debt free and with a test that is 80% cheaper than RPC's. $100 per test BMOD, $500 per test RPC.

You make a deal with the Devil like RPC did, hocking their future by running up that insanely massive debt you have to pay the piper and shareholders get screwed.

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