Replies to post #3469 on Redwood Group International (RDWD)

[Dr Wonderful]

Faust, I can pretty much assure you that your shares are going to be worthless, lol. The R/S on any pinky is the kiss of death. At .0005 the pps will go to .075, then it will sink right back to subpenny within weeks - as usual. I've NEVER seen a pinky recover from a R/S. Look at the recent DDSI R/S. Look at any pink R/S.

Boy, Bickel really screwed shareholders in 2006, looks like he wants to destroy them in 2007.

[DesertSon]

This might have made sense if it was in conjunction with moving back to the OTCBB. But if you're on the pinks, there's not going to be any difference in investor "interest" if you're at .05 or .0005. And yes, chances are they will dilute the crap out of us now. This might be tolerable if they were signing clients, bringing in big revenue, and acquiring profitable companies, but they haven't announced anything good in so long they could've folded up shop for all we know. Pathetic.

[scoobey-do]

Faust and all S3 longs, I am still around and was just as shocked as everyone else regarding the ratio of the R/S. I think we all figured it would happen because MCF had a R/S in their own company. It looks like MCF convinced Jim Bickel that it was the way to go. I have no more idea than any other shareholder as to what will happen in the future. I just hope that something good comes out of all of our pain.

I went back to an earlier SEC filing to find the info on how the Preferred B shares were issued. FWIW

October 2004 - acquisition of Redwood Capital for 12,000,000 PFD shares which were booked as $12,000 in PFD Stock and $108,000 in Paid in Capital

"Redwood Capital, Inc., a privately-held investment advisory group, was acquired during the quarter ended December 31, 2004. S3 Investment acquired 100% of Redwood Capital, Inc. to participate in the fast growing investment banking market in China. Redwood Capital specializes in Investment Banking for privately-held Chinese companies and has offices in China and the United States.

The Company acquired 51% of the common stock of Sino UJE, LTD, a Hong Kong corporation during the quarter ended December 31, 2004. Sino has and extensive distribution network in China. It distributes medical and industrial supplies for a group of Original Equipment Manufacturers (OEM’s) in Europe and the US that are exclusively represented in China by Sino. Sino was acquired from YaSheng for 4.9% of the outstanding stock of the company as of December 31, 2004."

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001262463%252D05...

I am not trying to pump the company and never have and I have not been in contact with Andrew. I figure lumik and BG would report back on anything that Andrew had to say. Also, I have found years ago that you can't get information before it is release to the general public. I do like to keep the facts (as much as I know them) straight on this board. That is why I looked up the Redwood acquisition and PFD stock on the 10-Q even though it is already in the i-box. lol Looks like I will have to update the i-box soon.

Best of luck to us all. scoob