To all: shareholders of reg got a mailing lately showing financials and the progress report. They ought to put this stuff on the web and save postage to some of us. :-)
The report looks neat and professional, and candid. Mentions the NASA misadventure (waste of time) with Global aircraft. Mentions the PLAN, which is to "complete the development of the Rand Cam compressor and diesel engine prototypes for demonstrations purposes to potential license and/or joint venture companies."
This is just what they should do, given their ridiculously small budget of $500 K per year for r&d. THey need a joint venture to go on. If anyone has an idea for John R.'s new partner, share it. With so many companies, finding one with spare cash is not easy.
The JV partner should be one with an interest in building or using or selling small engines. (Lawn mowers, blenders, who cares) THe JV should be ready for a revolution. The JV should have over $50 million in NET WORTH, and have $5 million in cash to buy most of the $9 million in Reg's treasury shares.
IMHO, Reg needs a lot of tech help and marketing assistance. RIght now they have a nice patent, a great consultant (Lamarche), and many frustrated shareholders who bail out every time the stock rises 10%.
This is a vicious cycle -- cash short, no work done, no good news, stock drops, even less cash, even more dilution.
Prince Charming, WHERE ARE YOU? |
