Replies to post #44465 on Reeltime Rentals Inc (RLTR)

[ReelTimer]

Your point is too obvious. By any standard, Reeltime is insolvent. No revenue, no assets, they do not even have any stock they can legitimately sell. That's why I can't believe they will ever have audited financials certified by Peterson Sullivan. Maybe for 2007, but anything more current will reveal the emptiness of the shell the company has become.

That's why there is no time to wait for 2009 before we see results. How can we expect them to keep the doors open? If they have a plan to survive, they had better reveal it to the investment community before they come back to the shareholders to increase the allocated shares. I really wonder how they make payroll these days. They surely fail to pay at least some of their bills. I know that for a fact.

[reeltimeking]

I feel sorry for the ones amongst us who really have a lot of moeny tied-up in this company. While the whole stock market is crashing, it will recover in due time, and I look for the opportunity to buy with whatever funds I have available. But, I don't see ReelTime recovering. There might be a chance for some dead cat bounces over the next couple of years before the company goes bankrupt. While there is always a chance for a recovery as long as it does not go out of business, I don't see why that should be the case. I figure I will see this die a slow death over the next three or four years, and I will take my loss when I have a profit from one of the stocks I will be buying in the near future. Good luck to you all.