matty999
I don't think any posters are calling it to 30-40c in the S/T, however based on the numbers provided in the June update, those price are certainly achievable
The fact the escrow seller is doing so without any consideration to the corresponding market cap shouldn't detract from the fundamentals
As a few posters have pointed out, quite sophisticated funds were seen selling RDR to below cash backing recently, along with a swag of other stocks. As you saw, once the market knew the selling was finished, the stock bounced some 40-50%
IMO the escrow selling is making a lot of people question the validity of the numbers now, which is wrong as the company very publicly stated them just a month ago
So unless the numbers come out as polar opposites in the next update, and once this selling is finished, a rerate to at least double digits would be reasonable I think most agree ?
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