Replies to post #7243 on Romana Food Brands Corp (RFBC)

[whento]

i agree with you about a pr update, but volume so far is low so no big selloff as of now, will be picking up more at these levels as well , glty and all

[skichic]

This type of shakeout is common, usually happens before a major run. MMs do it to scare up cheap shares, they succeed because of newbies and people who use stop loss orders ( which trigger when they suddenly drop the price). Since this type of shake usually only lasts a few hours, maybe a day, companies don't pay any attention to them.

[STEVEN52]

Your point is well taken, but there may be a few things going on behind the scene between SDE and BBRD. In a previous PR, BBRD said the cost of the acquisition/merger (payment to SDE) will be made through share transfer using 200 million restricted shares that the company has. Now here is where it gets interesting. The higher the PPS is at the point of transfer, the less shares SDE will receive in lieu of the fixed amount of dollars for the acquisition. The lower the PPS right now, the more shares SDE will be entitles to. Everyone agrees that the minute the PR is issued on the merger/acquisition, the PPS is going to skyrocket to .05 and beyond. So the more shares SDE gets through the transfer, the better for them in terms of the bottom line. My taking is that there may be some maneuvering going on right now as we speak between BBRD and SDE. Don't get distracted, things are going to settle down and the PPS is going to take off like a rocket. I also believe the crisis in Israel is a contributing factor to the lack of momentum. Let's continue to hold our position. I wish I could buy a few more shares, but I am maxed out. I sold all my underachieving shares to raise enough funds to buy what I have and I don't have anything of value to sell to add. Blessings to all. STEVEN.