RBI Ventures Ltd. V.RBI.H

YIKES !!! .005

[BigPop18]

I just checked my trading account and my RB shares are valued at .005 making them the worst value since I bought them. I know a deal is coming. I know that it should be in the $'s but it is disheartening.

[Funtickets13]

100% it is....any opiniin on why it would be going lower at this time? I’m very much a novice investor but selling right now makes zero sense to me when it seems a deal is just around thecorner...glta

[Investorwhome]

I would suggest no retail investor is selling. Rather the ownership (deal maker) has committed to a deal at a certain share price and is releasing shares into the market at a certain price  (call it .01) to keep the deal at whatever it was proposed.  When I deal is made I am sure the negotiators of the deal have a share package negotiated as part of the deal be their current shares are

[Funtickets13]

Thanks for the input & myself as well, I’ve bought what Im comfortable with between .02 & .015

[BigPop18]

That sounds like the more logical explanation, Investorwhome. It also seems logical that Hugh and the board are waiting for the regulators ( exchange) to approve the consolidation and name change before they halt the stock and announce the deal.

[cr7epl]

This post has been removed in accordance with Community Policy

[ryansworld]

It is likely that the drop to 0.005 is because of the stock consolidation of 1 share to 25 shares from the announcement and penny flippers that are trying to purchase at half a cent to sell at a penny or two in the meantime. At some point this is going to be halted and then we will see what it is going to become in the future. I own shares that I purchased between 0.015 and 0.03 and will be

[BigPop18]

Assuming that Hugh Notman is a savvy business man. Why would he chose to take the most damaging consolidation ratio for himself and us shareholders, just so he could list the company with 3.5 M shares outstanding? I think not. My guess is that he sat down and negotiated to 1:25 which tells me the acquiring company should be listing in the $2-3.00 range.

[jerrio78]

it will probably do a 50 cent financing then halt and open up at $2-$3, $3 after considering the rollback is 12 cents old money, so its a 3-5 bagger for those who bought millions at 2-4 cents. depending on the new asset it could be a $10-$15 stock 24 months from now but only Hugh and a select few can really know at this point. I bought a few at 1 and 1.5. I like to gamble on these RTO's

[BigPop18]

I like the way you think ;)