RGNO's float is low enough for a big run..no doubt about that..
RGNO - My thoughts on possible reverse merger : The partner is unlikely to be PLTG.ob because it is an OTCBB company. Reverse merger typically involves rolling-up of assets from both entities into one and I don't think it is practical to merge an 'audited' entity with one that hasn't been 'audited'. Based on whatever I have seen with RGNO, the company got a lot of potential and the management got a solid background in oil & gas industry. However what is lacking is the expertise in running a public company. This is where the synergy comes into play when they merge with another company who are good at running a public company. This kind of merger will combine the best of both companies and will result in an enhanced shareholder value. The RGNO management can focus on what they know best. Reverse mergers are hot because there is a big group of traders who are interested in such plays. One of the main reasons is the expectation of higher share price after the merger. Our entire focus at this point should be to see how the share price can be improved and the shareholders who put their hard earned money can get rewarded.
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