I have been trying to figure out this last PR:
...Board of Directors has formally convened and has retired 138.29M shares of insider stock. Insider stock will be retired back into treasury and subsequently reduce the total number of RCAU's outstanding shares...
"In the best interest of our organization and its shareholders we have elected to make this notably aggressive move to reduce the number of outstanding shares of our insider stock.
First of all, I would really like to know how many shares are out there. No mention to that in the PR. Who knows how many still outstanding? THIS IS VERY IMPORTANT. DOES ANYONE KNOW?
Second, why are they so desperate that they have to take away inside stock worth a couple of hundred million dollars. Do you actually think these insiders are so willing to just give away hundreds of millions of dollars. Something is fishy. I just CAN NOT believe they are so willing to give everbody outside the company a 20% dividend and take away 138 million shares from themselves. Looks to me they are so worried about the share price they are doing just about everything to keep the price up. Longs, just ask yourself WHY WOULD THEY DO THIS?
Third, lets just make the money first, then, worry about shares that should be retired and divys that should be given. They havent even made a penny yet which is audited and they have all this stock going in or going out. I feel sorry for the longs who held on waiting for the stock divy. Wow, it is really worth it. You get a 20% divy, but lose 80% of the value. Good trade off.
AGAIN, ALL THE ABOVE "DOES NOT" PERTAIN TO YOU TRADERS OF THIS STOCK SO DONT RESPOND. ITS ONLY MEANT FOR THE LONGS IN THIS COMPANY.
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