RTL - RTL Corporation

[Sean K]

Re: RTL - Ritract Limited

This company is a sad and sorry tail of directors and management leading shareholders astray and why fundamental analysis can be fundamentally flawed.

After a long and steady decline, on 15 June 07, the company brought out this announcement.

Market Update June 2007

Ritract is pleased to advise that discussions are still on going with the 2 major international companies in regards to licensing our safety syringe technology for manufacture and global distribution. It has taken longer than first envisaged for both companies to finalise their evaluations and analyse the data to enable them to make informed decisions but it is hoped that we should receive an understanding of the direction both companies wish to pursue with Ritract by the end of June.

Ritract is pleased to advise.

11 days later, into suspension. The 2 major companies didn't like their stuff.

2 July 07, director resignations.
25 Mar 08, New prospectus.
16 May, reinstated.
12 June, they turn into a mining company.

An extreme example, but its an example that no technology, or company is impervious to failure.
It's not a great plan to put all your eggs in one basket when there's a risk or two.
And, sometimes having a stop, even if you are a fundy, can be a good thing.

 

[mr d]

Re: RTL - Ritract Limited

oh no, a mining company?

have had a read of the constable threads, and wow, when money is envolved, the emotions kick in, and humans look for any positive spin to justify their thoughts ...

RTL = death!

so much for all the amazing research!!

 

[maxmac]

Re: RTL - Ritract Limited

Might be time to get back on this. Something is cooking. I can see the smoke but not the fire......YET

Cheers
Maxmac

PS No actually knowledge. It's just the vibe