Just wanted to share some more DD on RBTI. Some has been alerted and some has not. We like this one and will support any dips as mgt. get closer to any update which should be in the cards.
1) Low O/S puts RBTI's market cap under $800k. It is a defense contracting company where Paul Gray(RBTI's CEO) is a member of the UTHR board of directors. UTHR is a $2.2B (billion)company. The folks at RBTI are very methodical thinkers and ex-military men.
Ownership is NEW. There are preferred shares that haven't been bought yet. Good level to make them pay a higher price for them. The ownership decided to buy a shell instead of going public. Costs a lot less.
Strong rumors that PPS may be brought up to .18-.21 in a stairstep type run. Once the .20-.25 area is reached, I hear they may raise a bit of capital and strategically dilute but keep it at that level.
1) You've got an attempt by RBTI in 2009 to bring in a $50M company in Kuchera, but that is obviously off.
2) The Kuchera attempt shows the equity that management is trying to bring in here, so the latest aquisition attempt is with Forza, of which this one is still pending.
3) Next, you've got 1 large noteholder and likely friends of mangement, if not management themselves who owns shares at PPS .15
All in all, this one is all about the Chairman Paul Gray (who is a finance guy) and his ability to strike a deal with Forza, or some other $50M company. Mr. Gray clearly has the connections and ability to do this. The .15 strike price disclosed in the latest financials for a December 2009 note shows where management is basing their equity here. It would be nice to know of any progress on Forza, or something else, but the $50M in equity goal here is clear....
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