REALITY CHECK Reality Check
Okay, over the last 18 months or so I have been mostly pretty negative on what I have had to say about RN and its management team. I was very ticked with their $2.30 share offering and kind of got carried away with grinding on them for doing so. Wow, hard to remember that this stock was that high at one time. Anyway, the point I want to make I did buy this stock based on two things; Dream Team and asset. Both are still there so nothing has changed. How many of your penny dreadful do you own have both of these qualities? Yes, I think mistakes have been made but that is easy for me sitting back in my arm chair to claim. Running these high risk ventures is another issue. If the asset fails then we have to trust management will make better decisions going forward and will someday reward us for our patience.
Will there be legal actions? For what? Because we took high risks in a higher risky market so we could try and make a killing! The stock did not run up to $2.80 from mom and pop buying all the shares but rather large institutions gambling with money that was not theirs. If any legal action should be taken it should be against the moron fund managers gambling their clients money away.
Will the stock go to five cents before 50 cents. I hope so. The reasons I would buy it down here is the same reasons I paid higher prices. People and asset. If the asset fails the people will take us in a new direction to try again. For high risk ventures that is all we can ask for....a second kick at the can. If investors are going to trade the stock based on what Canofworms has to say then they are bigger moron's then the writer of these cheap reports.
Second level bids, third level bids. Who cares? This is not some senior mining stock widely held by thousands of funds and shareholders. Let the bids drop and let the shares drop to whatever and then decide if 'this is your lucky day'.