Pugs, in assessing the spikes of RMIL, you fail to consider the effect of buying by the cartel and others on this thread. When RMIL recently jumped to 3, there were a lot of new folks jumping on the thread, and a lot of buying going on. I do not see any evidence that it was shorters (covering) that pushed up the price. Otherwise, we should have expected to see a much greater price jump. The preice jumped, and then declined as selling began. Quite typical, and the antithisis of what one would have expected to see if the shorters were really concerned about a squeeze.
There is one problem here that is very contrary to companies like IOMEGA. IOMEGA has a verifiable product line and a well known name. RMIL has no sales data and revenue data available. I have never seen Rocky Mountain Crystal Water on a store shelf. I hear a lot about their clothing, but I have never seen the OVIS name on any clothing. Instead of posting photos of what may or may not be a real RMIL office, how about somebody posting a photo of a grocery store shelf stocked with RMIL's water. It is difficult indeed for one who would like to verify that RMIl is actually moving products through the channel.
Also, we have to deal with the question of wether or not RMIL is a viable business with real revenue potential. Kugler and company could never argue RMIL's viability if there was a revenue stream, and profits. Of course the revenue, and the profits are just like everything else (comming next week).
If you buy an additional 10K of shares, I hope you use money that you are willing to part with. I say RMIL breaks $1 by end of next week.
I'll hold for a while longer all the same. I bought into RMIL (OVIS at the time) fully prepared to lose the money, just in case the squeeze really happened. I have continuously looked for credible evidence. Alas, I find none. There is insufficient data available on the company to even verify outstanding shares. And very little in the way of independent auditing. I can not help but wonder if somebody has been sneaking some shares into the pool while the price was up. We all know how many shares Morgan and company hold. |
