Post by
dirkdiggler666 on Dec 21, 2013 11:56am
Thought
I'm thinking that FF must have the backing or on the fence backing of other large shareholders that they haven't disclosed yet. Why go through all this trouble and cost with only a guaranteed 8% backing and hoping you can add another 42%.People are comparing RPL to Torc but the main difference is Torc caught the imagination (collusion) of the street and therefore drove the stock price higher. The problem with RPL and there are several is sentiment is against it. Something needs to change; slashing the dividend didn't help and tossing Erickson overboard didn't help either. I expect the SP to start going up because of tax loss selling coming to an end but to see any significant increase there needs to be a drastic change because NAV doesn't mean squat. It's only the story you can sell that matters.