Dawg,
I've taken a lot of "heat" from several RDOXers over the past year because of my skepticism of what Redox was trying to do to their shareholders. I've been cursed and maligned each step of the way, but I was merely trying to save investors from losing their money. I've noticed that you have taken a more realistic evaluation of the company and no longer have your "blind-faith" in their promises.
For those that still might be invested in this company, I would suggest that each of you spend $3.00 and get a copy of the current issue of Barron's magazine and read the feature article beginning on Page 17. The battery industry is making giant steps and the likes of REDOX will only be a fleeting memory in the near future. Just to give you an idea of what REDOX is up against, it is my understanding that this financing deal that all have been waiting for well over a year only involves a mere $5 million dollars of funding. Last year, EverReady, a part of Ralston Purina, spent $70 million dollars to build a state-of-the-art battery manufacturing plant in Gainesville, Florida. Yes! A $70 million dollar plant and they abandoned the facility before it ever opened. Why? The changing technology and manufacturing capability of the competitors and especially the Japanese.
Remember! REDOX hasn't spent one penny on research over the past few years. They have spent money only to "hype" their stock, when in the real world, a rule of thumb is that for each $1.00 spent on research, it cost $10.00 to commercialize the product in the battery industry.
Again, I suggest that each REDOX shareholder read this Barron's article and you just might want to have a sell order waiting when the market opens tomorrow and that way your $3.00 investment in Barron's will return you .50 cents for each share of REDOX stock that you might own.(:>) |
