Pugs,
My you have a talent for revisionist and creative history. RMIL is the company that claimed it would do $12 million in business in 1997 and never issued a earning's warning. They are the company whose management performed a 13 million share Reg S, and then reverse split the company's shares 300-1 (1 million odd shares).... THEN tripled the post-split float by issuing highly dilutive executive stock options to management...
Now if that doesn't sound like abuse of office, I don't know what is.
As for news releases, having RMIL issue an update or two, might at least just go a little ways to restoring some credibility. At most, it would be an "official" discussion of where things stand at the moment.
Certainly having two "sock puppets" providing Investor Information services has NO credibility given their past misrepresentations.
The bigger the lie, the more the people will believe it.
So Pugs, whereas before RMIL managment could issue its press releases with impunity, now they must be intensely aware that the SEC is watching them VERY closely.
I would like to see them fulfill their fiduciary responsibilties to shareholders and issue an update on what has happened, issue it publicly to make it official, and stop trying to hide behind a pugnacious pugilist and a pseudo-psychic.
And Pugs, by their silence, and your outspokeness, it is obvious that is exactly what they are doing. They want nothing in writing for a reason
Regards,
Ron |
