I would lay $1,000 to win $100 that Benny doesn't launch Giant Size any time in the month of April. His disappearing act is not only quite disturbing, it has a feel (to me) like someone giving the bird to retail investors. You got time to post a dancing Jesus but you won't post ANYTHING on the REDG FB page for 15 days during crunch time?
I'm in this for the trade. If it gets back to .003, I'll take it. For those who say this is a quick ride back to the pennies, the added dilution will make it that much harder unless he either comes through with a mega deal or hits it out of the part with Giant Size. Could happen, but I'd bet against it now given the track record.
Wolf's old pump from last Spring got this to .015 or so, but with all the added dilution, I doubt even that pumpster could get this back to .005 without any news from Benny. It's going to take a great PR to launch it this time.
The stock should have a run or two left in it, which is why I'm sticking around. If by chance it ran to .005 - .01, I'd be ecstatic...provided I didn't sell too early.
Potential is there, but this (to me) now has all the earmarks of several of the other penny "stuff" I've seen over the years.
The added dilution and broken deadlines and now the silence are serious red flags to me.
Upside potential is there, but this ship needs the right captain.
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