I agree with you. Here's my opinion on this company, and anyone may feel free to openly disagree.
A lot of the penny stocks I've seen kind of fall into a few categories.
- There's the too good to be true, with no verifiable information and a lot of big question marks stock. They seem to get hyped, either with fluff PRs or by groups that just create runs based solely off of investor emotional momo
- There's the lotto stocks, the ones that may never do anything, but if they manage to actually pull "it" off - whatever that "it" may be: financing, partnership, etc." they have massive potential and so people play them for what they are - a long shot lotto ticket
- There's the shell plays and R/M plays, which really kind of are a little category of lotto stocks
- Then there's the real companies, that have a real business plan, and real operations, good information flow, and transparent CEOs. Here's the problem (and the beauty) with those stocks. There's no way to really hype them.
So...here in pinky world, there just aren't a lot of long term investors. Let's face it, most people that trade these stocks do just that, they trade - they don't really invest. And so when you have a company like RTXB that has real products, an expanding product line, doesn't really need financing, has a transparent CEO ... there's nothing to generate excitement really.
We're not waiting on news of a huge financing deal. We're not waiting on news for a huge partnership with a mega-firm. We're not being treated like mushrooms like what happens in a lot of shell plays (you know, fed sh*t and kept in the dark). We know what the products are. We'll know when they add new product lines. The CEO was very forthcoming with information in his interview. Eventually this company may (I hope) do very well, and establish itself as a very large company in the state with largest economy in the U.S., but it's going to take some time.
In the meantime, hoping to find new shareholders that are going to hold long term and wait for this to all develop is going to be tough. Most that would even look at RTXB would probably not be willing to hold, preferring to trade and increase their own capital in anticipation for the time that expansion and profitability really start to take off here, and THEN start to build sizable positions.
That's all my 2 cents.
