Wednesday, January 6, 2010

RIND - Enjoy These Lofty Prices Before The Dilution Returns


Just one year ago RIND pulled a 10,000-1 reverse split on its shareholders which was preceded by a  5,000-1 reverse split in 2008.  The same fate will come to RIND shareholders, it is only a matter of time.  Today RIND released some press that moved the stock from $.0001 to $.0004.  The smart traders were on the sidelines for this trade because they know how ugly this stock is.

Here is a 3 year chart of RIND.  It's been a money pit for shareholders and an absolute gold mine for its CEO Richard Berman, whose been mining dollars from shareholder for many years now:



I'd stay far away from this one, unless you want to to help finance Mr. Berman another fancy car.







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