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Microcap & Penny Stocks : Rotonics Manufacturing(RMI)
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From: Arthur Tang10/8/2006 6:27:54 PM
   of 112
 
This company has my respect for its management.

It survived thru all the petroleum crude prices, yet made profits each quarter.

It has no glamour in technology, although it has large production equipment that no other manufacturer has.

It started to diversify into art objects which has no relationship to cost of raw material. Plastics also has the advantage of using inexpensive fillers, such as soda ash.

So, we still own this stock.

They made a mistake years ago and had a reverse split. The stock after reverse split did not appreciate much. AMEX specialist did not make a market for this stock, afterall. I am a believer of stock split to lower cost of acquisition, but never believed that reverse split will raise stock value, because making stock thinning, makes stockholder numbers dwindle and the market for the stock disappears and value can not be maintained without demand.
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