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diablose94

03/01/10 11:58 AM

#27170 RE: farcry33 #27163

That does seem to be the case, always comes back down to support at 4. It's holding up pretty well considering a lot of people are unsure of RMDM's direction at this time.
I understand why they want to let the ULA go. The bottled water market is highly competitive and the start-up cost and time for a liquor company isn't a feasible option for RMDM. Sounds like they're are trying to make it an arms length transaction though. Whereas the PPS isn't worth any less but the market cap might be smaller.
The divestiture of the ULA was obviously at the request of LOADCOM. This should clear the way for the agreement to close.

IMO