Unhappy? Moi? Nope. I bought my RMIL shares with the full awareness that they could easily be worthless. I have always been a doubter of the chances of a squeeze (or even the existence of substantial naked shorts). However, as the cartel did show unusual solidarity for a while, I decided to risk a few dollars, fully prepared to see it evaporate. Of course, I always hoped I was wrong.
But, even if there was a large uncovered short position, it has been rendered all but moot byt he shenannigans of RMIL's mgmnt. The $5M will arrive tomorrow, next week, next month. Just like the squeeze, each passing day chips away at any remaining credibility. If RMIL does not have the money by the end of the month, they are a dead horse, and we all lose. End of story.
BTW: Offering .20 now is reasonable. Offering .5 if they get funding is not. However, if RMIl does trade again, I should see atleast .2-.3, so I'll just hold on and wait. If anybody wants to discuss $1 or more, then let's talk. |
