RCMW Group Inc (fka RCMW)

[Gildersleeve]

Opening disclosure, Im long CPOW and have been since before the pump and dump, though I was clued into the company by a spam newsletter. Ive increased and decreased the size of my position since that time according to fluctuations in the market. Happily, I didnt extend my exposure during the pump.

I just found these threads yesterday and have read through all posts from about the 24th. Very active!


Anyway ... while I am long on CPOW, and was excited to find a thread of comments by people who seem to be largely of like-mind as me regarding this stock (holding onto a long mindset irregardless of the hype in a fundamental belief in its long-term potential), I am concerned by how extremely bullish everyone sounds here.

With exception of Jackroch, I do not see a lot of balance in where you all are coming from.

This is an extremely risky stock, I believe. There are as many unknowns as knowns ... more actually.

For example, I have been genuinely concerned for the last two weeks that CPOW could in fact be a fraud, because there are few good reasons to believe otherwise. While that possibility has been mentioned here, it has only been mentioned with the tone of not-wanting-to-believe-its-true.

Another example is that every reason for CPOW going big remain "ifs." They have an VERBAL agreement of INTENT to sell 30,000 mts of oil to ChongQing per year ... CPOW has present production capacity of 18000 mts per year. Sure, they might be able to fill that order IF they can get extra from third parties in the mean time AND IF they are able to eventually expand their capacity to double present AND IF this verbal agreement actually evolves into a CONTRACT to buy.
This news of a JV to build a plant COULD be a great thing as it COULD answer a lot of the above questions, but just think of all the IFS going along with that proposition. There are many many many.
Not to say its not all possible. But there needs to be a marriage of excitement with caution.

Some posts here sound so bullish they remind me of all the spam flying around about CPOW. There are alot of statements that are 100% crazy bullish without any substantiating evidence. Plus, items offered as evidence are almost without exception bullish. That leads me to believe 1) either some of you are still trying to pump this thing or 2) you just really really really want to believe its going up.

Either case is at the very least unhelpful, and adds to the risk potential both to yourself and the community. A stock wont go up cause you want it to. Wanting something to happen will lead you to aplace where you will get burned.

A constructive thread is one that will lead everyone to a more balanced and realistic view of what the market is going to do about a stock. Not what you think it should do.

Specifically, about the comment on short interest in the stock, from what I understand of short interest, 800,000 short shares in a day IS NOT alot when the avg for CPOW right now is 13 mil, and yesterday's volume was 3.8 mil. At that volume the shorts could cover all their positions in less than a day. Most stocks have a short itnerest large enough that it would take at least a day or even two at avg volume to cover them all.

http://en.wikipedia.org/wiki/Short_interest_ratio

Bottomline, CPOW is very light on short interest right now if there is only 800,000 short shares outstanding. Therefore, short squeeze NOT Imminent.
About Buyins.net ... BE CAREFUL ... their disclaimer says they may or may not be compensated by the companies they interview.

http://www.buyins.net/disclaimer.php

They might be a solid company ... might not ... dont really know to be honest.
just Be Careful.

And do us all a favor and dont post up stuff like this Buyins post on CPOW like its gospel. There might be weight to it, but might not!

It only adds to the insanity that the market can be.

Anyway ... I have a lot of questions for you guys
To begin:

Can anyone speak to the fact that Shenher gave himself an enormous raise this year, as per SEC filings? I think it was something like from 125,000 raised to about 800,000? That is equal to CPOW revenue for the year. Am i reading this right!? Big red flad for me.

Can anyone speak to the "management team" as presented on General Bio's website?
http://www.gbenow.com/team.php
Listen ... this really worries me. These two guys under Shenher look like clowns to me. Look at their credentials? "Active in the Community"? What the F is that!? If that was the best I could do with my resume Id hang my head in shame. Is this the best Shenher can offer for his Executive Management Team for Bio Energy, which is the company that makes money for CPOW? Please speak to this.

Can anyone give me some compelling evidence for why Shenher isnt be investigated on Insider Trading, or for otherwise having been involved in this pump-and-dump. While the conspiracy theory offered by Jackroch is very interesting, it seems just as likely that company insiders were involved (of which Shenher is pretty much IT).

Lets discuss some fundamentals:
What are CPOWS assets? What are their liabilities? What is their equity? How likely is it they'll have to borrow more money to get this JV going, or possibly sell shares (dilution for us)?

Thanks to anyone that takes the time with this post.
Im excited about the possibilities of this stock too ... but I have a lot questions that need answered. I have a nervous feeling about this company, and I think for good reason.