Replies to post #13903 on Value Microcaps Junior Energy

[DrLink]

RDX.v more stuff to read.....

Reasonable Doubts
http://www.stockhouse.com/companies/bullboard/v.rle/ridgeline-energy-services-inc?postid=21648672

There are couple of sayings that I believe the readers of this bullboard would do well to remember...."Those who cannot remember the past are doomed to repeat it..." ....and that old favorite , "Fool me once, shame on you. Fool me twice shame on me." .If you do not believe in the management of a company , you would be wise not to own any of it. Here is some help for anyone wanting to do a bit of due diligence on Mr.Dennis Danzik and his time as the CEO of Solverdi Worldwide, the last company he ran. The receiver's reports are quite eye-opening. Draw your own conclusions.

Firstly: a news release three months before the company was put into receivership http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01030381
The initial Receiver's Report http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01058125
The Final Receiver's Report http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01096699


there are many press releases and filings available regarding Solverdi on the ASX site below if you want to research the story a bit more...search the years 2009/2010 under the symbol "SWW".... http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=sww&timeframe=Y&year=2009

You may notice that there are some startling differences between the "futures so bright!" claims by management in press releases and the reality found by the receiver.....you may find yourself saying "deja vu all over again!"...or was that Deja II?...oops

Disclosure....i was long and deep RLE for years until the recent mass resignation of independent directors caused me to believe that it was time to get off the boat, due to the fact that i don't trust the new captain without strong oversight. Oversight that i just don't believe is there anymore.

Read more at http://www.stockhouse.com/companies/bullboard/v.rle/ridgeline-energy-services-inc?postid=21648672#McHoehSM5HhFYTmF.99

Look up solverdi worldwide, Dennis Danzik

[Bobwins]

ok, DrLink, I sold RDX.v this morning for a small profit. I read most of your links and the Australian company bankruptcy disturbed me the most. Sounds like they deliberately gutted the Aussie corp and the proceeds never got to any stockholders. Ridgeline may have ended up with some of those assets.

Of course, overoptimistic forecasts is why Ridgeline ran into so many difficulties earlier. This new waste water focus sounds very much like the Aussie company that went bankrupt.

So I'm off to search for another chariot that will take me to Riches Beyond My Wildest Dreams!

Apparently it ain't RDX.v.

Bobwins

[cleverrox]

RDX.v - the CEO subcontracts out multimillion dollar contracts to his personal research company. You are totally at his mercy - and he hasn't proven to be honest in the past.