James, I believe you were on the H$H forum with us,if you are the same. I've enjoyed your post here on SI, great work.
Rmil is under attack from MM shorter ( see dirty tricks post # 280 rmil) , others jump on the band wagon without looking at the strength of the stock price, fund. and TA . The price keeps going up.
I have a small position in RMIL and I have really learn much about protecting my investment buy reading every post on the OVIS and Rmil thread.IMHO, dd and staying current is a must with bb stock.
Bottom line the stock has done wel lfor me and the experience gained with it is something money can not buy.
Here is just one of Riley's post about reasons to buy rmil:
From: Riley G Sep 30 1997 8:28AM EST
Reply #10725 of 10778
Subject: Reasons
Riley, feel free to post, not post, edit, change, etc. this message. As you are comm central and well informed, I have confidence in your decisions regarding relaying my sometimes too lengthy E-mails.
Preponderance of evidence that OVIS will fly:
1. Massive naked short position. Simple arithmetic looking at past volume confirms this. Some people who count volume haven't even taken into account the die hard buy and holders from pre-split days (I am one of these and there are quite a few others).
2. Cartel rough figure estimates based on sharing of information by shareholders far outnumber the authorized float - so much so that even a massive degree of inaccuracy on the part of the cartel still outnumbers the authorized float. Early Cartel rough estimates which were low and didn't include non SI/Cartel supporters, don't even include the million or so shares bought and called for since last Fridays "call your cert message"!
3. More people are buying and calling certs every day.
4. Shares outstanding are confirmed by transfer agent.
5. Wildcard shares are locked up in treasury account and pension plan.
6. The company supports the investors and promises not to distribute more shares.
7. The market makers have requested more shares from the company who firmly replied "No way!". These are desperate actions that reveal much about the mms situation. It doesn't take a sherlock to see mm desperation in this request for more shares.
8. The market makers have manipulated the price drastically since profound interest in the stock and certificate calling have begun. If the market makers were doing fine as some have implied, they would not be dropping the ask on buys, passing over market orders to sweep up cheap shares, selling below ask limits to confound investors, etc. We have seen the price drop on buy/sell ratios of greater than 10 to 1. That is called unethical market manipulation, and if you are a mm, you don't risk doing it unless you are in incredible trouble. Here is a simple rule: MARKET MANIPULATION ON GROWING STOCKS = MARKET MAKERS IN TROUBLE
9. The preponderance of naysayers actually confirm the validity of the cartels position. We are forced to wonder, if the OVIS shareholders are such dupes, and we are going to loose so much money (save me please) why then the constant attacks by non-shareholders and people who haven't ever been heard from before. Why the new faces with misinformation? This had occurred to the degree of cartel members receiving threats. People don't threaten you just for being stupid. Once again, it doesn't take a sherlock to see the determination being mustered against a bunch of innocent investors simply legally calling for their certificates. Why are so many resources being marshalled to stop a bunch of investors from doing what is perfectly reasonable? Explain again why is it now that I shouldn't buy shares of a
company I like and call for my certs? It is a good sign of mm desperation. here is another simple rule: UNSOLICITED AND UNSUPPORTED NEGATIVITY FROM STRANGERS WHO DON"T REALLY LOVE YOU = SCARED SHORTERS
10. Inherent value of OVIS. A couple weeks ago this stock sold for 19 cents. At 1.6 million shares it had a market cap of about 300,000 dollars. About the price of a nice single family dwelling. Get real. If this reflected OVIS value, Hard Core would have sued them for slander for even implying that they were doing a deal. Banks would have laughed at them when they asked for capital instead of setting them up with excellent financing. You can't start a halfway decent chicken stand for 300,000 dollars if you plan on having plates and silverware too. Ovis earnings, assets, tax credits, and client base are those of a company firmly worth a minimum of 2.50 per share, and that is if they were never ever planning on growing! Counting for growth,future profitability, common PE valuations etc, the company is worth around 15. There are companies that loose more money per share than OVIS costs per share that sell for 50+ dollars per share. Simple rule: Simple rule: COMPANIES THAT CAN CONDUCT BUSINESS DESPITE DEVALUED SHARES AND MARKET CAP
HAVE EXCELLENT RESOURCES AND MANAGEMENT.
11. Past value of OVIS. BAck when this company had poor management, the market still valued it at prices that are dramatic multiples of it's current price. Most of you can't remember back when people were gobbling up millions of shares of OVIS at 14 cents per share PRE SPLIT! because the evidence for future profitability was there. Back then, 14 cents a share was considered a bargain basement deal on this company. Of course no one knew back then that when the company split in order to get on a bigger board that a bunch of manipulative mms would do everything they could to kill this stock rather than loose money covering their naked shorts. The company did the unthinkable, and accidentally made money. oooopps!!! Simple rule: COMPANIES THAT MAKE MONEY ARE WORTH MONEY.
If you are in OVIS, you picked a great time to be here. Statistics show that only one out of three companies survive two years past startup. Of those who make it, the average time to profitability is 3 - 5 years. OVIS has finally made it. The preponderance of evidence that this stock will fly is uncommon and fantastic. Investors can wait years for situations like these to happen. Should you mortgage your home? no. Should you go buy a Mercedes? no. Should you count your chickens before they hatch? no. Should you hold this stock into the thirties? Darn right. |
