OTCPK:RKNLF - Post by User
Comment by
factRbeston Feb 24, 2017 12:40pm
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Post# 25889881
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:whats up
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:whats upPivotcatalyst - (2/24/2017 10:39:42 AM) RE:RE:RE:RE:RE:RE:RE:RE:RE:whats up do you see the new plan succeeding or n your view will it just be a prolonged death spiral
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If that question was to me; I have no idea.
There wasn't much information. When RKN came on the sceen they were filling a void. This is completely different and have no idea what it is.
More importantly as I have said it before. With the addition of the preferred shares how can anyone know what the commons are worth.
We all know the prefs get all cash on aliquidation before the commons get a penny so by the book the shares have no value.
I tried to point all this out before and the fact that there was no detail of what WE owned going forward.
I think this sell off is due to uncertainty which was magnified multiple times by Lucas bailing.
Think about it. A guy on the inside thought the prudent choice was run and don't look back.
Money always trumps love and hate.