Hey tato,
The way I see it, for now SGLS is still "married" to RVGD at least via the 2.4 million preferred (or 240 million common) shares of RVGD in dividends to SGLS investors. That leaves plenty of room for all sorts of (usually bogus) speculation about the confluence of Steve Carnes, Peter Collorafi, a friendly flexible TA, and quite a few shares. Yes, I know they are restricted for a year, but how do you explain all the "restricted" shares we've seen come into the float since the reverse merger with the HSCM shell? We started about 6 monthe ago with something like 160 million restricted shares - we're down to about one tenth of that now. How? When there's a will...
Also, although many on the RVGD board think that they have ridden themselves of Carnes, I beg to differ once again. Carnes has left a large indelible footprint on RVGD and Peter Collorafi. Like it or not, things aren't always what they seem in PinkyLand, and, at best, I believe Collorafi learned quite a bit about share structures and selling shares from Carnes and revenues remain to be seen. At worst, all we are seeing is smoke and mirrors - an elaborate grift if you will, including a building with leased equipment and a few vehicles - to sell shares (both SGLS and RVGD). Such has been Carnes' track record (see stockpatrol.com with "carnes" as a query). Hopefully, I am wrong, but the current PR stream from both companies and no revenues as of yet from RVGD (aside from the overused 180K from GTOs), makes me think twice about the bets I've placed.
Again, don't bet what you can't afford to lose... If I am wrong, I'll be more than happy to apologize to all, while cashing in my chips. For now, a double bottom in the .0009 to .0011 range is still possible, and that's without going into discussions about dilution, shorts, naked shorts, them dastardly MM's, etc. etc., or the proverbial "boogie man."
Hopefully that answered your question? If not, I get 15 more posts tomorrow :-) GLTY
Regards,
~delyte
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