NewTrader, it seems to me that you are doing a valiant effort to be a cheer squad for RMA's current management & thus their business plan and method of operation. I agree with other contributors that have been long suffering shareholders etc and have every right to put forward their opinions. This is a company that has denied them the opportunity to sell their shares if they are unhappy or possibly (I suspect highly unlikely) buy more since 16 February - 76 days! Not to mention that in the original notice to the ASX they anticipated trading on 20 Feb.
It is also a company that is yet to release the one announcement that the market is actually waiting for, & that is the cash position as at the end of the first quarter. This is but one hurdle they need to jump, followed by shareholder approval to the addition of 15% more shares which will not be taken up at 5.3c - no way, before we see this share trading again (& there must be serious doubt about that prospect too).
Their plans for the HMC are to produce numerous versions & let the market determine the configuration, specification & pricing. How amateurish is that? Interestingly, today I notice that Mobilesoft (in which I also have a shareholding) announced that it won the Consensus Software Award 2007 for its HMC beating 24 finalists from Aust & New Zealand. If this name sounds familiar, it was the company that was to supply RMA with HMC's but is now in litergation with RMA. Maybe MSO realised something before the rest of us.
I think that from here on I shall regard your future postings as biased utterings from a party closely associated with current management, hiding behind a pseudonym. Before you tell me that wouldn't happen, let me remind you of our last apologist for RMA management - Ankara, who turned out to be none other than John Karantzis, ReelTime MD. So we ask our selves who is NewTrader - could it be Roland Kulen the newly appointed Chief Marketing Officer, or perhaps Anne Lawler from AKL Public Relations P/L or some other closely associated person.
RMA Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
