Now John, I knew you would get testy. Come on now, if you don't won't excuses, don't ask for them. But let get to the bottom of this issue, what are the reasons why it makes sense for me to stay committed to restoring shareholder value in this stock.
First lets talk about commitment. I initially bought this stock as a short term play probably much like most that bought after Aug 22. After seeing the abuse first hand relative to false press releases; massive nay attacks night in and night out, holidays, weekends, through vacations, everyday; the web site designed to discredit; the attempt to steal the companies name; the rediculous law suits; you name it I became committed to seeing this thing through the end. Now I know some people don't understand or are too young to understand the concept of committment. Thats why this country has such a high divorce rate. But fortunately, I have learned what committment means through thick and thin. I also believe that Riley G., Ellen, the Calvery, Rich 1, Kurt, Daddy Fat, Pugs, Typhoon, Roo, Andy H., Al-len, Hraka, foundation members, and many the others that have held their investments in this stock through all the mudslinging understand the concept of committment. But you also have to know that the opposition is committed as well - I respect them for their committment but unfortunately they will lose as long as those who believe as I do remain committed.
Second, if the Cartel holds as many shares as they say, and I happen to believe they do, this thing is already over. Owning 2.9M of 3.3M wouldn't they be fools to sell at this point. Why at todays stock price, all it would take is less that a million dollars and all the outstanding shares are sewed up. When these shares are in certificate form then what will the shorts say - absolutely nothing. Regardless of company fundementals, the supply and demand issue takes over and those that are short must cover or the whole market system falls apart. The powers that be cannot allow that. Just think what could happen if the company reels in that 10M and starts a buy-back of the remaining 400k shares - watch out shorters.
Third, I think this thing is truely historic. It is necessary is and always has been necessary for some group of people to step up to the plate with strong hands to carry the historic issues forward. Backing out is always easy. The tough thing to do is to hang tough. This is not a time for the weak cause the kitchen is hot. But it seems some of us are used to hot kitchens.
So John, if you find your committment and want to step up to the plate do so. But don't bug me if you choose not to. I can still respect your decision as long as you don't bug me about my decision because either way, my decision stands. This stock is not for everyone. The fundamentals aren't great yet. But should the investments come through, the water plant is expanded, and the channels of domestic and foreign distribution are secured then the fundamentals will be fine. Make up your own mind though. Your criteria is different from mine and thats fine. Thats why this is a free country and a free market society.
Long on RMIL
Larry S. |
