hweb didn't like the P&L from rsgc.ob because the profit margins looked too big. He also felt that the generous offer was unlikely and doubted they could have raised $50 million in a private placement.
I am hanging my hat on the alliance with a big insurance company for their rental guarantee product. I think the subsidiary of Aon would have done due diligence on the background of the principals and the insurance program they are introducing. As the "deep pockets" in this deal, Aon has to know that if the product is a fraud, they will be sued.
Here is the description of Aon from the PR:
Aon Corporation (www.aon.com) is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. The company employs approximately 51,000 professionals in its 600 offices in more than 120 countries. Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions.
Although I respect hweb2, I bought rsgc.ob anyway and am still holding. I don't like all his stocks either and as with any investment, it's my money at risk and I take full responsibility for my decisions. Even if he had blessed rsgc.ob, he wouldn't be financially responsible for replacing my money if it turned out to be a scam. It's his opinion but my money. So we will go forward and see which way rsgc.ob goes. Hopefully for me, it turns out to be the real thing.
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