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Author Topic: RNKE - Pro / Con
Purl Gurl
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This article is inspired by TMAN and is
extracted from a response to his article.

**

Quite the coincidence you would ask about
this stock. I have looked at this company
a number of times over the past year. This
is a company of interest to me.

I will urge all readers to carefully read
all SEC filings for this company and to use
your usual sources to read all company news.

Most SEC filings and company news, are fairly
positive in nature. Yes, I am interested.

A general overview is this company is in the
red ink, but is improving very well. Upon
reading SEC filings you will note they have
cut their losses in half, administrative
costs are slightly down and revenues are
moderately healthy. RNKE does not have
very much cash on hand, which is a concern.

Another SEC document, registering of common
shares, would normally be a red flag for
possible dilution, but this does not appear
to be the case, although no guarantee.

RNKE registered a lot of shares recently.
In their SEC filing, it does appear they
are preparing for convertable loans, if
needed, with a clause of common shares
offered as security will be sold at a
price of average current prices which will
keep dilution to a minimum.

There are some healthy points about the
management team. They do have a stock
buy back plan in action. This is almost
always positive. This reduces chances
of dilution via convertable loans.

Managment has taken steps to prevent stock
shorting by Market Makers, which is a real
problem. Those steps are reducing common
share float, holding shares back to limit
float, and urging investors to register
their shares so they cannot be shorted.

There is a danger. Market Makers are actively
trying to suck every last dime out of this
company and out of investor's pockets. This
is, Market Markets, as is so typical, are
trying to "steal" every penny from investors,
every chance they have. Market Makers' intent
is remove all money and leave this company
in a state of bankruptcy.

Have I mentioned you should join our war
against Market Makers? Do so. You are foolish
to not join the war against Market Makers.

RNKE is fighting back against Market Makers
as noted above, but this is a tough war.
Those "Big Boys" (Market Makers) over on
Wall Street, most often win because the
SEC deliberately ignores their highly
unethical activities. I hold an opinion the
SEC is riddled with corruption.

Am I plugging the war against Market Makers?
Yes, I am. However, I am also warning you
Market Makers might destroy this company
and take all of your money. This is a risk
which should not be ignored.

I do like the company sponsored news in
recent months. It is positive and a lot
of it is related to protecting investors,
such as paying off debt in cash instead
allowing stock share conversion which
causes dilution. This is very prudent.

Couple of years back, a reverse split took
place but I see no indicators of a reverse
split happening again. I read a lot of effort
at preventing stock value dilution.

Revenue, RNKE does appear to have thier
local city in their pocket. Lot of municipal
government sales and service. A good point
about this is they sell strictly software
and support. Why this is good is RNKE will
not have to worry much about capital venture;
they have no need for hardware, buildings,
no expanding infrastructure, no production
costs and all that. RNKE is in pretty good
shape on that end. This leaves them with an
ability to focus on sales and revenue through
their sales force and advertisement.

Returning to local municipal government,
their local community, this represents
their market; they are limited. RNKE sells
"IT Services" and they have a lot of serious
competition in this area, but not so much
in their local community.

Each local community of moderate size and up,
have their own IT specialists trying to sell
software and services. Otherwords, each city
is already "bundled" locally. It will be very
difficult for RNKE to expand beyond their
local geographic boundries, literally.

Their prospects for market expansion are
severely limited. This is a negative.

Another negative is RNKE is in default on
back taxes and a small business loan from
a couple of years back. Money involved is
substantial being just shy of a million.

However, a personal opinion, if the IRS
was going to whack them, this probably
would have happened already. Usually, if
a company shows good faith, a deal can be
struck with the IRS. Small Business Admin,
they are usually very forgiving. RNKE has
shared no comment on current status. Do
not dismiss this possibly of being hit
by the IRS; it could happen.

Overall, RNKE is doing moderately well.
Losses way down, costs down, revenue is
ok but nothing to brag about. RNKE does
seem to have a management team doing all
the "right things" to protect investors.
They are limited to local revenue.

I would invest in this company and most
likely will. Do not expect great profits
for a very long time, a year or two at
least. My opinion is this would be a safe
very long term investment.

On investing, I would wait a few days, maybe
a week or two. RNKE is displaying an expected
price pull back as most stocks are. This is
not something which alarms me. Wait for this
stock to correct for the Santa Claus effect,
then think about buying. RNKE should fall in
price just a little bit in the short term
because of value over-inflation by not so
bright Santa Claus investors.

Do keep in mind Market Makers are actively
trying to suck every last penny out of this
company for their own personal gain and greed.
This will be a problem for a long time.

Sucks to be a Market Maker.

I give this company a thumbs up for a
long term investment.

Please do consider holding off on buying
for a short period of time to allow the
price of this stock to correct, downward.
No problem but it should fall just a bit.
I urge you to wait until the "real" bottom
support price appears. Pretty close now
but not quite there.

Never forget I could be very wrong, I could
have missed something in my research. You
might lose money by giving my opinion too
much credit. Research well and make very
careful decisions independent of my opinions.

Purl Gurl


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Purl Gurl
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For TMAN and others, during the last ten
minutes of this trading day, these are
the Market Makers manipulating your
stock prices lower, to establish a lower
opening price tomorrow.

GVR Company (GVRC)
Knight Securities (NITE)
Brokerageamerica (BAMM)


NITE is well known for being amongst the
worst of stock manipulators. GVRC is right
up there as well. BAMM is usually not too
bad, they may have been along for a free
ride on price manipulation.

I believe BAMM is just a fluke on this.

For those with live level 2 feeds, watch
those two Market Makers, GVRC and NITE, tomorrow's trading day.

You may find tables for Market Maker symbols
here at All Stocks:
http://www.allstocks.com/markets/Market_Makers/market_makers.html


As in my original article, you best watch
those Market Makers, they are intent on
taking your money even if this means the
total destruction of Roanoke. Not likely
to happen but Roanoke has acknowledged
many times Market Makers are shorting this
stock with an intent to steal investor's
money. This is a very common activity.

I will urge you again to join our war on
Market Makers. Today's last ten minute
fall in prices is directly contributable
to efforts of GVRC and NITE to drive
prices down for a low opening price.

Bottom support should be at .015 per share.
As you witnessed, those two Market Makers
are hoping to drive prices lower for their
own personal gain.


Purl Gurl


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Purl Gurl
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I wrote:

"I would wait a few days, maybe a week or two.
RNKE is displaying an expected price pull back
as most stocks are."

"Please do consider holding off on buying
for a short period of time to allow the
price of this stock to correct, downward."

"...these are the Market Makers manipulating
your stock prices lower, to establish a lower
opening price tomorrow."

Down ten percent already. Can you guess which
Market Makers are manipulating this stock?

I will again urge you to join our war on
Market Makers. I will urge you again to
write to politicians, news reporters and
to the SEC, as I have.

Market Makers are stealing your money, yes?


Purl Gurl


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trader_adept
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I agree 100% with what you are saying. Based on today's PR and the stock repurchase, I feel RNKE has a solid future.

I have been accumulating from 0.01-0.015.

GO RNKE!


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madmacd
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For what ists worth, latest:

Roanoke Technology Corp. (OTCBB:RNKE) announced that with the approval and support of its Consultant, Graceleyne Financial Inc., http://www.graceleynefinancial.com, a decision has been taken to increase the proposed bond sale from $10.00 million to $12.00 million. As this bond offering package is in the final stage of preparation, the increase to $12.00 million is not expected to cause any delay in the completion of bond sales.

RNKE C.E.O., Mr. David Smith added, "This increase of $2.00 million in capital injection will assist to offset closing costs and allow RNKE to pursue a more aggressive expansion policy."

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Purl Gurl
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I like Roanoke. Thinking about picking up
some shares once the dust settles on prices.

Unfortunately, Roanoke is one of those
companies which is a target for Market
Makers and others, a target for abuse.

My hopes are this abuse will fade, in time.

Purl Gurl


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glassman
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PG i have been in this for awhile--i believe .009 not likely again unless bond deal crumbles. ---got my first shares @.0056


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RAF
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is keepin closing price above .01 for a month now. i think it is a good entry point.
does anyone suggest when shares buy back will begin?

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glassman
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Bond deal taking awhile--read old news /PR could be pump---can't know-- but doubt it these guys seem to be real workers--i know NC'ers- they are hard working people--look at NASCAR(Charlotte) and how hard those people work to get to 34+++ races a year--it's a way of life there--

[This message has been edited by glassman (edited February 05, 2004).]


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glassman
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quote:
Originally posted by glassman:
PG i have been in this for awhile--i believe .009 not likely again unless bond deal crumbles. ---got my first shares @.0056


I was WRONG it is @.0088 right now __LOL


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keithsan
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think this is dilution........

think they had 2bill outstanding and now will have 5 bill.

check the numbers on the 2 billion, I am guessing.

This Information Statement has been filed with the Securities and Exchange Commission and is being furnished, pursuant to Section 14C of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), to the holders (the “Stockholders”) of the common stock, par value $.0001 per share (the “Common Stock”), of Roanoke Technology Corp., a Florida Corporation (the “Company”), to notify such Stockholders that on or about May 20, 2004, the Company received written consents in lieu of a meeting of Stockholders from holders of 1,539,866,228 shares representing approximately 55.37% of the 2,781,024,239 shares of the total issued and outstanding shares of voting stock of the Company (the “Majority Stockholders”) approving the Amended Articles of Incorporation of the Company (the “Amendment”), pursuant to which the maximum number of shares of stock that the Company shall be authorized to have outstanding at any time shall be (i) five billion (5,000,000,000) shares of common stock at par value of $0.0001 with no preemptive rights and (ii) one hundred million (100,000,000) shares of Class A Common Stock at a par value of $0.0001 per shares. The Class A Common stock shall have the right to vote at the rate equivalent to (10) shares of common stock for each share of Class A Common Stock held. The Board of Directors is authorized to fix the number of shares of and to determine or alter the rights, preferences, privileges and restrictions granted to or imposed upon the Class A Common Stock.


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WWJD-thru-me
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Hi Keithsan-Do you know who their financier is? I have RNKE and thought they had some potential. Now I am wondering if they are in the grips of a death spiral financing deal. GLTY-Debi
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keithsan
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quote:
Originally posted by WWJD-thru-me:
Hi Keithsan-Do you know who their financier is? I have RNKE and thought they had some potential. Now I am wondering if they are in the grips of a death spiral financing deal. GLTY-Debi


that was from an s-8 filed today.... for the amended extra few billion shares. Debi, my first reaction when I see that is to sell.

I posted the uncertainty about shares currently authorized because I don't own and the s-8 was trying to be deceptive...

good luck, no idea on the financer...

Keith


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