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Gold/Mining/Energy : Safe Environment (SFU.AL) - was Roper Resources -- Ignore unavailable to you. Want to Upgrade?


To: pennypincher who wrote (376)8/7/1998 11:54:00 AM
From: mineman  Respond to of 635
 
Hey pennypincher,
If you want to bail go ahead, but don't hype any other stock!!! This is a Roper Site.



To: pennypincher who wrote (376)8/7/1998 10:12:00 PM
From: pud  Read Replies (1) | Respond to of 635
 
i'm a little concerned with all this unwarranted negative sentiment being posted on rrn's string. all you non-believers are helping punish a stock with so much promise. true, current prices are a little disappointing partly reflecting a major correction in both the states and canada, but mostly from the bashing going on on this thread. before you open your mouths, get your facts straight g/penny/lisa...

rrn has 2 convertible debentures (us funds) one has a strike of ten cents, i have found out that this cannot be converted for a period of one year - the margin on shorting a penny stock for this length of time, would not make this a profitable strategy. the other has a strike of .42, it has a trading restriction for 90 days that started in may. it would seem to me that we can rule out selling from these two parties and as for the pricing of these convertibles, they may seem low now, but they were well within the context of the market when they were issued... this leaves me thinking that it's the nervous nellys throwing their money away by selling at these levels. don't do it, you're going to regret it!

the overall picture for rrn has not changed. if you liked it when it was trading at .60 cents + you have to love it at .20 cents! i think we have to give these guys a chance to wheel and deal...when the contracts start flowing in, this thing is going to fly just like everyone predicted before the halt. don't get shut out - if just a couple of those offerings disappear, the bids will creep up before long. load up boys.
p.