OTCQX:RPMGD - Post by User
Comment by
pipefit2on Aug 15, 2012 1:30pm
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Post# 20220803
RE: RE: RPM is very cheap here
RE: RE: RPM is very cheap here These guys need to let their attorneys handle this and focus on getting the Lincoln Update published and releasing GGP results.
Everyone that has purchased since last December is way underwater, so the stock will be under tremendous selling pressure barring good news.
I'm a bit surprised by the timing of the pp. They said that they were going to have $2 million cash at the end of this year, without mentioning any pp. Why not wait until after Lincoln update, ggp results, and the first phase of the trial in November?
My guess is that pp participants were shorting the heck out of the stock at .54 for the last week or so, knowing that they would get shares for .55 to be able to cover, and then get an (essentially) free warrant.