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[QUOTE]Originally posted by STAR GAZER: [QB] SUBJECT: RE: RWNW is one good gamble???? stock symbol was RWLNE, then it changed to RWLN and now, after a 400:1 reverse split, it is RWNW. The company originally was involved in high speed inernet access for rural markets in norhtern California where DSL and cable service were not available. However, it wasn't profitable and so they teamed up with Genesis Electronics which, after years of research and develpement, had developed a small solar powered recharger for hand held cell phones that is more efficient than other similar devices and delevers maximum power transfer from its photovotaic cell. They obtained one million dollars in financing from an institutional source and have received a $2,700,000 order from Digital Wireless for their Sun Blazer mobile electronic power holster for cell phones. And now they are developing a Sun Blazer that will recharge iPods. http://www.stockhouse.ca/news/news.asp?newsid=2739716&tick=RWLN In addition to teaming up with Genesis Electronics, they are now in the process of acquiring People Matter, a private company that markets webb-based software o Fortune 1,000 companies that improves organizational performance and reduces operating costs and litigation risk. http://www.stockhouse.ca/news/news.asp?newsid=2761937&tick=RWLN And http://www.stockhouse.ca/news/news.asp?newsid=2783095&tick=RWLN http://www.stockhouse.ca/news/news.asp?newsid=2788274&tick=RWLN They have just finished a 400:1 reverse split which they had previously announced http://www.stockhouse.ca/bullboards/viewmessage.asp?no=9534000&t=0&all=0&TableID=1 and as of 05-27-05 they have 1,011,937 shares. As I stated at the start, most stocks fall after a reverse split and this was no exception. What is the exception is that this looks like it is a solid company, and so the drop will probably only be temporary, and since there are fewer shares now, any buying pressure will tend to make it easier for it to climb upward. And so, all things considered, this could be a very profitable buying opportunity. After a reverse split stocks tend to drop steeply, but then level off and it is at that point that you can buy in. I don't know if we have reached that point yet and so I will watch it for awhile. Even though it is a gamble, I think that it is a good gamble. Prior to the split, the lowest it went (one time) was .0006, most of the time it bounced between .0012 and .0032, with one spike to .0042. Now with a post split price of .015 (one and a half pennies/share) that is equivalent to a pre-split price of 0.0000375, which is somewhat below its pre-split low of .006, and yet, if the mergers fall into place, it will be a stronger stock than it was at the pre-split price of .0042 which is over 100 times its present price. Previously, on the announcement of acquiring the company that makes Sunblazers, it went from .001 to .004 in three days and then settled mostly around the .002 level, until it did the kiss of death and did the reverse split. If it gives out some good merger news, the stock could take off so fast that it might be hard to catch the early up move, and once it goes up, it may stay up in the new range. If it keeps dropping and goes from todays price of .015 to .0075 I will buy some and not wait to see if it will drop any more, just to make sure that I have some in case it takes off. If it continues going down from there, I can always buy more. But if it did take off from there and hit or even passed its previous high, that would be a price 200x its present price. So a $2,500 investment would then be worth half a million dollars, and if it went on to new highs, the $2,500 investment could be worth a million dollars. And with this stock, I think that there is a possibility that that could happen. Most penny and micropenny (stocks below one cent) are in that range, ether because they have hundreds of millions or billions of shares, or because they are stocks of rotten companies. This stock, instead, seems to be a potentially strong stock. It is not often that you find something with these possibilities. Of course, though, it is still a gamble, because if the deals may fall through and the price could go from it's present price of .015 to .0001 It's up to you. After the reverse split, as far as I could find out, the company ended up with 1,011,937 shares. Because of the fewer number of shares, volume has been really low since the split. But yesterday almost 3 1/2 million shares changed hands and today 1,345,317 shares traded, which means more shares traded today than there are shares outstanding and yesterday it was 3 1/2 . Could it mean that all the weak hands sold their stock and that the rest are now in the hands of people that don't want to sell? If so, the price may start climbing. If it was insiders that know that every thing is falling apart, then, well, watch out below. But if the stock starts edging up from here, then it could mean that everything is still proceeding as planned, and in that case, we may now start to see a price rise. [/QB][/QUOTE]
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