Rockwell Diamonds Inc RDIAF

Shareholders meeting:

[thinker1951]

This meeting is not about an offer to buy out rdi imho. This meeting is to try and replace the board of directors such that pala can control the company and direct its future. This in the long run might not be a bad outcome. This remain to be seen. Pala has its ideas of where rdi should be headed (perhaps a merger with another interest pala has?) All of this will take time to unfold and will create confusion and uncertainty. Not to mention the costs of fighting a proxy vote which I believe is pala's intention. I hope I'm wrong but I let my feet do the walking on the recent runup. Ill buy back in when the dust settles. This is not a good time with the markets so weak and the treasury low and diamonds not selling very well it could push rdi towards insolvency. Its hard to figure Pala and their intentions. I guess they dont care how much rdi is hurt in the short term. They want control even if it destroys the company in the short term. Not trying to be a basher just realistic. I was bullish on rdi in the mid term when economies and diamond prices recovered. Now this could set back their recovery significantly.