OTCPK:RDLCF - Post by User
Post by
007YoungGunon Jun 09, 2010 3:45pm
366 Views
Post# 17174164
Bid/Ask
Bid/AskThere large spread of approximately 10 cents (give or take another couple of cents) on the bid ask is narrowing down. Bidders are realizing that s/h are not willing to part from their shares for a huge discount. As of today, there's hardly any sellers, and the ask is for 42 cents, 2/3 cents above the bids.
Soon, the insider cease trade order will be lifted and new management will be able to trade; however, in my opinion, it looks like they won't be able to get in at these low prices.
Btw, I like what management has done to the website. It looks much more professional and seeing that Redline has previously done business with Hydro One, the U.S. army and now with the Turkish, Brazilian and Romania government, there is now way Redline should have a market cap of 6M. The deal with Romania government alone was for 10M. Furthermore, Redline is positioning itself for growth indicated by the recent job positings.
It's getting more interesting by the day.