Exotickbiker – Let me explain what just happened. You obviously missed the show.
Last week we experienced an anomaly. RLTR had been trading between .14 and .16 for several weeks. We were all in a holding mode because the company’s lawyers and contract person was working out contracts with the movie studio companies in Hollywood. Then on Wednesday something remarkable happened: A company in Australia with the same name (ReelTime) was having problems with the Australian stock exchange and trading was halted.
News spread throughout the Internet that ReelTime’s stock had stopped trading. In the United States, the program traders started dumping millions of shares of RLTR.PK, because they mistook the American stock for the Australian stock, and the price dropped to .07 cents for a while. All of us on this board were pretty much stunned by the sell off, and very confused.
Then we found out that it was all due to a name similarity with the stock in Australia, and we all started buying like crazy! This was a gift, and most of us took full advantage of the windfall. I know I did.
There is no reason to feel disheartened about this stock. Nothing fundamentally has changed from last week. The first of the Hollywood contracts should be signed sometime before that end of the year, and management is off to Cannes France to pick up more programming this week.
E5