RR, Pirate Pete and co let the SP run down to 10c at the end of last year before exercising their directors options. I felt at the time that the slide was needless because if they were eventually going to exercise the options then doing it earlier would have stopped the slide I am sure. When they finally did exercise the options it was not done in the way I expected it. I don't remember the exact details but from what I remember the way it done was by getting finance and the wording didn't excite me. Looking back now I feel like such an idiot because we have been given so many signals that RRS is a cash cow for the BOD and it is one of this rinse and wash shares i.e you will only make money from it if you understand that it geys played.
RRS Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
