You are not wrong...that summation sounds spot on. This goes lower, then lower still. I've said it before-thank god I did not put a ton into this-enough to wound-not enough to kill me when this goes completely south. I'll scrape up more capital and get back in the game, so this is not a investing death sentence.
What a bullshit predicament has been created for those who invested heavily. REDG is going belly up and are doing their best to hide it while they get out of Dodge.
Nothing convinces me otherwise. IF this is the case-then REDG may face a class action lawsuit, investigation by the SEC...who knows.
Now that I think of it-those pictures at comicCON of Mr Powell....look at them again. Mr Powell looks as if he is in WAY over his head...like a freshman on the first day of high school. He looks unhappy/scared-and he does not smile.
Absolute mismanagement bordering on deliberate indifference have sunk REDG to these depths.
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