Q&A....... Yes I think an increase in the "AUTHORIZED SHARES" Not the "OUTSTANDING SHARES", by 250Mil is relatively Small for a Merger of this Magnitude. Also, since the Company has Promised "No Dilution", as well as the Conversion of Convertible Debt having "CEASED" For the next 6 months, and to top all that off the Corporate Board members are not taking salaries in cash, but rather stock at .016!!!
Now in all honesty, give this just a wee 1-2% of your Brain capacity for thought, and tell me how many Pink Sheet Penny stocks can even come close to this type of Character and Integrity? If the members of this board were not very confident that this merger is going to be profitable for the Company and shareholders alike, they would have never in a million years stuck their neck out and bet their Salaries on the whole thing, and at a share price of .016 at that!
Now, Have they made MISTAKES? Obviously yes! They have basically "SCREWED THE POOCH" When it comes to Writing and releasing PR's for the Players in the Penny Markets.
But lets realize for a second that the RTGV board members "ARE NOT I-HUB FORUM PENNY MARKET TRADERS" Looking for the Next Stock that the several Big money groups are going to hit next. This board is out to complete a Merger and Build a Viable Company that is Capable of doing some very great things.
And when they do get this done, the Share Price will take care of itself. And furthermore, I don't think the mistakes they have made are going to hurt the company in the long run at all.
Maybe in the short-term trading of the Daytraders and Flippers, but really, in all fairness, most of us I-Hubbers that play the Penny Stock Runners are usually "IN AND OUT" either the Same Day, or Within a Day or Two, sometimes a few days, once in a while some of us stay a week or two.
But the Penny Plays than any of us Traders actually leave any cash parked in for more than a few days to maybe a week or two, are Few and Far between.
In reality I'd say maybe 1-2% (maybe up to %5) of all the Penny stocks on the OTC, Do any of us WISE TRADERS leave any cash in for more than a Few hours to 48-72 Hours (If your really honest about it)?
Personally, over the past 8-10 years of trading Penny Plays, I can count on one hand the Pink Sheet Penny plays that I ever went Long on! It's probably less than 1% of the OTC Market that I would ever park any cash in for more than a few weeks. RTGV just happens to be in that 1% for me. N'uff said.
RE: otterman; the "SMALL" Increase in the A/S
So you think a 50% increase is 'small'? GLTY.
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