Nope, not what I am thinking.
I remember 6 months ago, and with what could happen, the comany would have been well aware of the situation at that point but the process for them (considering their predicament) is not a quick fix.
In time I am expecting to see a rather large ROI. Since I'm not short on RELM, it really does not matter to me how long it takes. I am continuing to accumulate, and will hold my shares for as long as it takes.
I don't believe it is in the best interests of the company to dilute at these levels considering their business strategy and implementation over the last couple of years.
I see RELM's business progress as above average for a pink sheet stock, and knowing it is not a shell gives me the confidence to hold out for them to implement their strategy.
It seems as if there have been outside factors and variables that have hampered the speed of their business implementation progress but from what I see it seems as if they are taking the measures necessary to overcome these issues.
I actually see this consistancy in price as a very good sign and strictly IMO, I believe that RELM's float is still at a very attractive level and believe that the shares here are held very tightly.
Seeing as I have been invested in RELM for almost a year, I believe that the initial surge (when it comes) will result in some longs 'jumping ship' because of RELM's history of spiking and falling, but the majority of the float I believe, will be held long enough for RELM to have a complete reversal and form a Golden Cross with the 50 and 200 MA's.
Saying that, you should have a better idea as to how long I expect this reversal to take place (barring any unforseen news, making it quicker than expected).
GLTY,
Nate
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