1.”….assuming there is gold, then on the basis of RED Mt. alone, could REV be worth between $1 and $2 per share in cash or stock equivalents based on the as yet unproven assets in the ground”
WE AGREE.
Based on the old Texas report we have 500k ounces. AM tripled their inferred ounces. .
2.“ Look for a buyer REV. …you could make millions for yourself by developing viable assets and then arranging a buyout for the company”
WE AGREE
RedO, My exact thoughts. I have and will continue to encourage management to turn this over to a major company . A buck a share would be an excellent start. Some claims in the area have been taken over by majors. With the positive results from AM, our location and AU over $1400 oz. we are in a good position. Let us sell and all of the shareholders and management will have a very nice nest egg to go into a new project. FIND A BUYER AND SELL. WE AGREE!!!!!
3. … “It's time for you to lead, follow, or get out of the way. Or hire a consultant that knows how to run a business! “…
WE AGREE
I would love to see a consultant added to management. I feel that there is a lack of communication between management and the shareholders. We are not being kept in the loop. Occasional press releases distill doubts and encourage participation…
WE DISAGREE
3.“ I don't believe that the efforts in north LA are being done in good faith. I have a strong suspicion that this has been a scam all along to transfer funds from the REV treasury into the laundered pockets of the principals. ……created a conflict of interest with the drilling company doubling up as the well operators. That Freudian slip told me all I needed to know about RW's and Pilgren's true intent.”
REDO, Your charges of a “scam” are based on your suspicions. Your suspicions are only that, suspicions, not fact, not proof, only suspicions and you must admit you do have a bias toward RW.
RedO there are new legit investors who have put up a lot of money to begin this Louisiana operation because they believe REV has great potential for growth. Part of any investors consideration before investing is management. It is obvious that they have considered RW and the board and found them capable.
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RedO, Your personal bias and obvious dislike for RW is evident in almost everyone of your posts to the point where you are perceived as a bully. RW is this…RW is that…RW is all bad. RW has no redeeming features. Your bias clouds your judgment in my opinion.
RW’s bio. has been posted previously. Here is what was posted years ago which you seem to disregard. I will repost some of it now:
On a personal level RW is a college grad., a married man, father of 4 children, volunteer Fireman (over 15 years), fire chief and is still active in rescuing people including pulling them out of cars. In addition he coaches kids, does fund raisers for local hospitals and other causes. WOW…WHAT A GRINCH
Okay, that said, that doesn’t make him a great business leader BUT it does show he has a human side to him which you seem to completely deny.
Business wise, several years ago he had a company for 5 years that raised over $67 million and was taken over by Union Carbide. Recently, RW’s record at the Commission has never had a mark against it. RW has had offers to join other companies. REV almost went belly up a few years ago but he managed to pull us out of that and saved our shares. And he is constantly trying. We have something in Poland. Our Louisiana property may come through big time. A takeover at Red Mt. is a possibility. Yes, this is all speculation but isn't that what we are all doing here, SPECULATING?
YES....RW should hire a consultant. YES..RW should have more communication with his shareholders. YES...RW should seek a buyer for Red Mt.
RedO, RW may not be an ANGEL but he is definitely not the DEVIL your bias makes him out to be.
Let us see what happens with Louisiana, Red Mt. and Poland.