It certainly appears that there was little/if any intent on taking the Pardoo project seriously.
I actually posted a thread a couple of weeks back that analysed the prospectus and listed everything that was "going" to take place within the first year.
The prospectus makes it very clear that Pardoo was to be the main focus of the company with "additional" (i.e. secondary/not as important) projects being sought elsewhere.
Once they were listed the focus was clearly else where and thats what created the "run". Just reading some of the comments on here from the early days shows the level of ramping that was taking place.
Posters who shall remain nameless were stating that ROS would go to $x without providing any reasoning or analysis.
The people who I feel most sympathy for are those investors who bought into the IPO on the basis of Pardoo, not some Eurasian fantasy.
ROS Price at posting:
35.0¢ Sentiment: Sell Disclosure: Not Held
