RF Capital Group 5 Year Rate Reset Cumulative Pref Shs Series B GMPFF

puzzling situation re RF Capital

[astutein]

Can anyone explain why stock should be trading at $2.00.   Cannacord offered $2.34 and managment stated offer  NOT in best interests of shareholders.  cannacord stated it was prepared to increase offer substantially and Board refused.

Stock is trading at $ 2.00and no interest.

Monthly managed investments is at all time  high.

What is going on with my investment and extremely disappointed with CEO and promises.

[argon12]

RIcharchson Family owns 45% of company. Nothing is going to happen without their blessing. CEO is not a builder. Poorly run from top. Leadership is over paid. Frustrated employees holding stock are selling. Classic value trap.

[astutein]

Argon12 - I agree with you this is most frustrating stock Ihave ever held. After one year after paying minority shareholders $ 2.42 to close deal and 27.5 billlion in wealth managment the stock at  $1.98.  Unbeleivable management. Canaccord offered $2.34 and was prepared to increase offer to $2.75 and management BOD stated offer was to low. Our shares sit at $ 1.98 and management

[argon12]

Stubborn/Stuffy - This is how I describe the current BOD. This is not a shareholder friendly company imo.

[argon12]

Stock near all time low but they still find it ok to issues options to Sandy Riley and other BOD's at these extreme low prices and price options at these prices. This is a joke. I'm contacting securities commission on this company. Replace the board and all executives which means sell the company to a firm/ bank that can actually grow the business.  

[matt2018]

argon12..... seems like investors are bailing and dumping the stock for some of the reasons that you mention. Investors perhaps tired of waiting and what is it exactly that you would wait for here? What turns this around? Just my opinion.

[astutein]

We need statement from CEO re falling stock price and volume.  

[matt2018]

what volume? there really never is much volume. if someone wanted to unload a sizeable position, that could trigger a fall i suppose. you have decent volume today. many are happy to buy at this level and many are happy to unload at this level. its also end of year and maybe some dont want this name in their book for year end. IMO