Wednesday, February 19, 2014 12:16:13 AM
Between 2-5 years previous there was different attempts to spread into different markets via rental buildings in New Jersey, takeover of another IT company, new hotel building, etc....(must look into the RELM structure as there are multiple arms from the main branch).
As of last publicly known info, yes RELM owned 76% shares of Versalign.
Also of note, look into Marc Greenberg's history as a CEO/Startup guy....impressive.
There is also a link to another penny stock which I'm sure some will be posting about here shortly....it seems RELM management is/was revamping that company.....old company execs in the other company, etc, etc....I'm sure we'll hear some negativity on that shortly....but the numbers don't lie for Versalign (search multiple branches too)...if you can find them lol....info here is only by extensive DD, as the company has remained relatively silent for quite some time.
On a personal note, from trading this for 4+ years now, my opinion is that the float may be partially held by insiders (previous CEO was paid in shares at one point)....hence the easy movement in PPS.
This one has flew under the radar for a long time.
Cheers,
Nate
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