Who are these people selling? Do you guys watch this everyday on level 2? For the past week only buys have come from retail clearing houses. All the sells are from other clearing houses. They are clearly diluting shares. Did you read the last quarter filing on the 3rd? Did you notice that they have 324 in cash the same amount as last quarter but had a operating loss. How is the company surviving with no income?? How are they covering the costs each month? There are selling SHARES!!!! It's right in the filing. They're doing the same thing as so many stocks do this time of year. I can name so many similar stocks that hype similar to this, and it did the same exact thing. They're all sitting at .0001 one year later. Think about, lets say they launch they're ab on Facebook. Even thou I have my doubts. How long will it take them to build a user base? How long will it take to receive any income? What is their operating basis to make income? Now people can rant and rave about Zynga poker. For one, on Zynga S1 filing on their IPO their profit from their poker game represented .0045% of their income. That's a game that has countless users. How long will it take RNDR to reach that level. Now the only basis for this stock is IF IF they legalize online poker, they can start it up. But they we go back to money issues. How will they generate money to sign endorsement players? How will the generate the income and assets needed for the online gambling application that the US Federal government will require? Then if they pass that hurtle they have to compete with Party Poker, Poker Stars, Apsolute Poker, and all the new entry's besides rounder. Such as WPT, Harrahs, Wynn. Now think logically, they would need to get close to 500million to even start that, they have 324 dollars. Just think, think and read and read the filings. If you stick around your only gonna get crushed.
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