Wednesday, November 09, 2011 7:56:26 PM
1. They announced that a large shareholder bought 8m shares so existing shareholders would know many of the shares bought in sub penny land landed in strong hands. Rather than they were all bought by various swing traders. Very good to know. I completely support them notifying shareholders of the new investor.It was not meant to give themselves credit it was notifying shareholders of a significant event
You make suggestions on what Reggie should have done with CC without ever seeing the state it was in. Did you ever think it was a lost cause to pursue the same path? Did you ever think Dom's demos may have had more questions then answers? Only someone that saw them could answer. Perhaps Reggie is taking what he can from CC while developing it in a different fashion that can make this product come to market soon. That is what he has basically said he is doing. He also is claiming every company that markets online can use this technology platform. Therefore the potential is as big as ever. He may be 100% spot on in terms of what needs to be done. No one that has not reviewed all the technology in detail, present and past, can accurately voice an opinion as to what he should do with Dom's version of CC. Only time will tell if he can be successful. But to cast doubts on Reggie for any of the above reasons just does not fit imo
If Reggie does start to show he is on the right path with developments those buying shares at the companies lowest level in their history could be quite pleased. Existing shareholders could start to see a recovery.
The fact is the market never supported this stock since the acquisitions. News never had impact. The market overall did not like what RTG was doing with CC. If it did the stock would have moved on some of their news. The stock has had trouble moving for a long time. Lets see if the market likes what Reggie is doing once he has a chance to get more info out.
Disclaimer: My posts are IMO, I am not a Professional analyst Do your own DD before investing/trading . My opinion is subject to change quickly depending on market conditions or other considerations!
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