Pugs: You asked earlier why did I buy RMIL? Because I listened to Riley and you! I bought as the stock was running up, and the yays were saying it was going to the moon, pointing to Mork's antics as proof of a huge short position. At the time, I also thought OVIS was a company with a future, based on its optimistic press releases. As time went on, however, I became less and less convinced of a short squeeze. Why? For one thing, the price wnet to four dollars then dropped. Not what I would expect in a short squeeze. Second, the nays starting coming up with facts proving that the company was not everything it said it was. Over time, almost every thing the nays said proved true. A classic example is the web site, demonstrating that the modern bottling plant touted by RMCW was actually a small former veterniary clinic. The yays said it wasn't so, yet it proved to be so.
As time went on, almost every thing the yays said turned out to be wrong. How many times have I heard the yays state that the short squeeze would start in two weeks, that the money would be here next week, that trading would resume in three days? Given that record, why would I believe in the certificate counts touted by Riley? His track record does not justify a blind trust in the numbers, and he refuses to publish verification.
The thing that really worries me the most is the fact that the number of shares in the float has risen precipitiously in the last few months. When this all started, the float was said to be 1.6 million shares. Last week Lori at RMIL told me the float was 3.3 million shares (unverified). If the float keeps going up at this rate the squeeze will never occur.
So why am I here? Two reasons. First, I'm stuck until the MMs start trading this stock again! Second, as I said before, the entertainment value can't be beat. Whatever else can be said for RMIL and this thread, boring its not.
Good night to all!
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