For those shareholders today who are selling you really need to rethink your whole strategy. I'm not sure if you expected massive sales figures and revenues in a one month period after launching a product. I can personally tell you that launching a product and generating substantial sales from it can take time. I'm involved in a company which launched two years ago and it took some time to get the big figures, but YES we did get there and now our product is stocked internationally. To do so, we also used product and celebrity placement as a low cost strategy to build awareness, gain influence through opinion leaders and ultimately make sales.
I can tell you that if RNO continue with their marketing strategy it will work! It may take some time but we will see results. If you're in this stock for the long term, you'll be nicely rewarded. But if you're in this stock thinking its going to be an overnight multinational, then you need to re-evaluate your expectations.
It takes time to get market share but it will happen.
Thats my Friday rant. Good weekend to all!
DYOR
RNO Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held