Thursday, January 05, 2012 4:52:00 PM
There are some givens that will come into play in that scenario...
Traders, retail, & perhaps some of the new longs will fold their positions.
Without some "Major" reasons the stock price will readily drop to the trips...not even a doubt in my mind.
The OS will Blow Up...the company goes in the hole every week / month, they will need to give out Huge volumes of shares at the current price just to maintain current operations.
Per the last filing, RTGV's "Operating Expenses" are over $100k per month and increasing. That works out to 100 Million shares a month at .001 par.
Their debt notes are substantial already, gotta think more than a few of these note holders are Really p'd off already as they are so far underwater.
I can imagine they have requested adjustments as they watched the share price drop.
Any past note holder / investor is Not likely to step up again, so they are going to have to look elsewhere.
Any considering new investor or funder is going to ask for a Huge discount &/or Non-restricted shares. Very few decent funders will back a company at this price level, they will be most mindful of how fast & far the share price has dropped.
I have to imagine they would also take into consideration the risk of the company having to do an rs.
The latter is a concern...imo, in order to get funding they may have to rs to get the share price back up to an acceptable level.
Sure would be NICE to have a non-gagged TA....
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