Ridgeline Energy Services Inc fka RLE

[swanlinbar]

RGDEF,RLE.V-Very good post on Ridgeline by Ed over on S.I.Ridgeline (RLE.V) -- a tremendous quarter to say the least. I can't wait to see what their revenue guidance is when that comes out in the next few weeks. I'm expecting revenues that are about the same as what they were for the quarter that just got announced, a significant improvement Y-O-Y. The company is now in a race against time to get the SFS acquisition closed on or before this Thursday, when they present at the Gabelli Water conference at NYC, let's see if they can pull that off. I believe the AGM is on Thursday also. The recent slew of news has hopefully provided RLE management an opportunity to book a full week of private meetings at NYC this week also, hopefully some of which are with research analysts who are considering writing up the stock. It will be interesting to see the new RLE slide presentation that will incorporate all these latest developments.

When I saw the announcement that Danzik was named CEO I must admit that I cringed at first. My first impression of Dennis, mostly formed from his participation in prior quarterly CC's, was that he was not diplomatic enough to be a CEO and was somewhat of a loose cannon. But he changed all that with how he spoke on this last CC, and I now think he will be a good CEO. Scientists and engineers do not often make great CEO's but I believe Dennis stands a good chance of being the exception that proves the rule here.

A look at the capital structure provides a possible clue as to why the rally in the stock has sputtered a bit around the $.65 mark. There are about 5.6M warrants with an exercise price of $.65 that expire in a little more than 3 months. Whenever the stock pops over $.65 we will probably see some more selling by the investors in the placement in which such warrants were issued, selling stock to generate the cash to exercise their warrants. It will be interesting to see to what degree all the upcoming hype combined with expected positive news developments will succeed in breaking through this brick wall. http://www.siliconinvestor.com/readmsg.aspx?msgid=28743358