Relm Holdings Inc (RELM)

[varnith]

Cannot speak for everyone but many, myself included, were hoping March, April, and May were going to produce 2010 FINS following the release of the corrected 2009 FINS, released Nov 30, and Sept 2010 FINS, released March 7. Would only make sense considering past year end FINS were released around that time. IMO, the correction of the 2009 FINS put a temporary stop to the regularities in RELM's reporting schedule. Notice the first 3 quarters of 2010 were released in one report ending Sept. 30. Funny thing is, even though management was unable to release FINS for the first 2 quarters of 2010 on or around their regular dates they still managed to release the 9 mo consolidated FINS around their regular time for Q3 release date. My speculation insists that RELM management had a busy year for the first 2 quarters if not more of 2010 and like all things when you fall behind it can be a b***h to catch back up. Just because 2009 FINS had to be corrected does not mean that 5 quarters and a year end report are going to go away. It takes time get back in the game not to mention they still have a few businesses to run.

For those who believe RELM management is being shady, ask yourself the following:

How does RELM benefit from being silent?

If RELM is going to dilute shares, would they try to do it at a higher pps or whenever they just feel like it?

If RELM diluted at current levels, how would this benefit them?

If RELM was going to do a R/S, would they dilute first?

If RELM was working on an acquisition why would they not talk about it?

How many times have you seen a company work on something big and PR about it every month?

How did this work out for the PPS?

Was the market surprised when the company completed the project and did the PPS climb?
This happened recently with MMT*. They PR'ed about a land deal and anything else that they could forever. Ultimately the PPS ended up going through the roof because of a promotion and following the promotion, management revoked preferred shares or something along those lines belonging to ex management.

Surprise is key.