RCH richfield group limited

vooni"One punter who would know the guts of it will be...

  1. 749 Posts.
    vooni

    "One punter who would know the guts of it will be that
    tosser with the 1m to sell at 4.2c on the screen the last time I looked. Poor deluded individual thinks he can spook the ignorant into selling When it comes back on, which should be earlier than you think."

    Who exactly are the poor deluded fools? Let me lay it all out real easy for you.

    1. THIS COMPANY HAS ABOUT $250K IN THE BANK AND $535k FROM THE OPTIONS ISSUE.
    2. THIS COMPANY HAS NOTHING ELSE!
    3. THIS COMPANY MUST BUY OR START A BUSINESS WITHIN WEEKS OR IT WILL BE DELISTED.

    How is it, that the share price is now high enough to support a market cap of $23million when they have nothing but under $800k in the bank? Its like buying a share is a savings account, that has $1 in it for about $30. Completely nuts.

    People keep saying about all these awesome businesses they are going to get into, why wouldnt someone else just pay twice what these guys can offer for the same business? What could they buy for $800k that is going to get them $23m in value - that nobody else would bother trying to buy first?

 
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Currently unlisted public company.

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