Replies to post #58561 on Reeltime Rentals Inc (RLTR)

[payperview]

BCCI strikes me as being at a juncture like the ones of late 2006 and the Sony deal for RLTR.

Sometime a scam artist puts together a scheme with the intention of seeing how many investors he can fleece, and for some reason, it actually works. In RLTR, if the prices had been reasonable and the deal had been on a percentage of sales, it might have worked even if BH channelled the money to relatives through ICTN. But he was just too greedy.

I suspect that the same things is going to happen in BCCI. Instead of using the money to develop the business, he will find a way to pocket it to the detriment of the owners, and himself, because, in the long run, if the business is run properly, even he would benefit more than through a scam.

[asus]

They bought and committed themselves on the open market long before they became management and started to buy privately. Make no mistake, they tried to bail themselves out with their private purchases, but they were already in deep. They then tried to bail out by joining mgt. Then they tried to bail out by their subsequent actions which all failed horribly. Their actions to bail out their market bought shares destroyed the company.