Some of the posters seem oblivious to RMIL and the world around them. I hope your other investments warrant better diligence.
RMIL is auditing the 10K, why? There are new delisting requirements , and...trading to consider. Why hasn't RMIL been trading? The merger has not been finalized. Will RMIL start trading? Yes!! RMIL has other options for financing if the investor is unable to live-up to his contractual obligation next week. What about RMCW? Why does RMCW have such faith in an investor that keeps missing deadlines for the financing? RMIL shareholders are not privy to that information, but we do know, like RMIL, RMCW has been exploring other financing options, and is rumored to have a Plan 'B' and a Plan 'C' lined up themselves if the investor again cannot come thru.
This leaves RMIL shareholders with a company auditing the 10K, a company which has been working new deals (Morgan just returned from Brazil!), and RMCW has a Plan B & C is the investor doesn't come thru next week.
Remember, the deadline is set due to the forclosure proceedings on the water plant and the creditor has agreed to partial payments.
Daddy Bigs will probably be much more definitive about RMIL's plans before and after they resume trading with the audited 10K, since he is meeting with Morgan.
On top of this, the float is in Name Form with an extra 300K shares just called in.
Try to do diligence on RMIL/RMCW before posting your doomsday forcasts on this thread. The truth is , as HaSHIMI'S letter from the SEC demonstrated, is free to trade pending any 15c2-11 constraints, 10K, etc. and the misinformation about RMIL from the illegal shortsellers is just that, misinformation, to make shareholders think the skeeter bugs, the David R's , have done any diligence on RMIL, they haven't. Their ignorance of the subject combined with the shortsellers smear campaign combined with the fatigue of battle can be a winning combination for those stuck with huge illegal short positions.
But!! I ain't tired!! I trained for this fight!! I've done my diligence and I'm sure that trading will resume with merger finalized, an audited 10K, and some nice releases...oh! and the entire float in Name Form with over a million shares still being called!!
Pugs
Trained for the later rounds!!
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