Rainbow Coral Corp (fka RBCC)

[Voices of Reason]

Nilbud - instead of attacking the messenger, how about responding to the content of the message which are these facts:

The company share price has dropped from a whopping post reverse split adjusted high of $63.00/share about a year ago to today's price of about $0.36 - a drop of 99.4%. Touting a little over 1% increase in one day is nothing to get excited about.

During the same period it issued 10.5 million more shares - an increase of 1974%.

Of these shares issued, the company only received additional paid in capital of $175k (or about $0.017/share) - shelling out shares at such a steep discount to current market value is financially irresponsible in my opinion.

The company has not made good on its publically stated promise of taking an equity stake in n3D. In fact they have continued to mischaracterize the equity stake as a "joint venture" - which would imply they will receive a share of the revenues in n3D.

Furthermore, the company continues to hype it's LOI with AMBS - an alleged deal that has dragged on for months without any results.

More troubling than the disasterous share price and exploding amount of outstanding shares, is the $542k paid for compensation during the first 9 months of fiscal 2012 - the company has 2 employees - does anyone think paying this kind of money for a complete lack of results as being reasonable??