quote:Originally posted by netfreak: DO NOT TAKE THIS AS BASHING BUT IF BOTH OF THESE SHADY PEOPLE ARE INVOLVED IN THE FUTURE OF RUSH DOES THAT NOT BRING UP RED FLAGS TO ANYONE BY MYSELF HERE???? COULD THEIR PAST TRACK RECORD REFLECT THE FUTURE OF THIS STOCK???? AHHHHHHHHHHHHH THIS SUCKS I WOULD OF RATHER NOT HAVE KNOWN..... WTF
dude.. chill.. all of this information was out in the public domain for the past couple months as well, as this stock went from .0005 and hit the penny mark.
this stock isn't gonna automatically fall from the sky overnight due to these guys' track records.
you just gotta remember to be careful when playing this stock. always protect your initial investment. this stock's still got plenty of potential.
-------------------- Hindsight is 20:1. It's like printing money. Posts: 1129 | From: Univ of Fl | Registered: Jan 2006
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quote:Originally posted by netfreak: DO NOT TAKE THIS AS BASHING BUT IF BOTH OF THESE SHADY PEOPLE ARE INVOLVED IN THE FUTURE OF RUSH DOES THAT NOT BRING UP RED FLAGS TO ANYONE BY MYSELF HERE???? COULD THEIR PAST TRACK RECORD REFLECT THE FUTURE OF THIS STOCK???? AHHHHHHHHHHHHH THIS SUCKS I WOULD OF RATHER NOT HAVE KNOWN..... WTF
Man, did they not just say that they had a hard time finding the guy and that that the info may not be about him but another Lynch with the same first name. None of that info confirmed 100% that it was our Michael Lynch, it was just info on a "Michael Lynch".
I'm not saying it is or isn't him, all I'm saying it isn't confirmed yet.
Posts: 200 | Registered: Mar 2005
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posted
netfreak, did you not do any DD on the stock? IMO Lynch and Corr are not shady. Have they had failures in their pasts? You betcha, but how many CEOs have started perfect? Hell, I've started 5 up and only 2 are successful, 2 complete failures and 1 still on the fence. Practice makes perfect.
Thomas Edison tried how many times to invent the light bulb? Hell, do some DD on W. Buffett early failures.
My point is, do some DD on these cats, if you don't like what YOU find then sell out, enjoy your profits and don't look back.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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posted
Netfreak, imho, you seem to have to much emotion involved in this stock. Fist you say that this will never go past 0.01 all year then you say it will never go past 0.01 by the end of april and now you are freaking out because a Michael Lynch may have a bad track record. All of those statments you made were from either information that you didn't like or a few bad trading days.
You may want to sell what you have or at least start to ride some free shares so you don't have to worry so much about it.
Posts: 200 | Registered: Mar 2005
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posted
Excerpts from a news story surrounding Michael Lynch and his Longview Aluminum plant closure in Washington.........
UNION MAY BUY PLANT
CLEVELAND-December 5, 2002
By Pat Forgey
"Beleaguered aluminum workers, locked out of a shuttered plant by Longview Aluminum chairman Michael Lynch, are exploring buying the plant. And it was Lynch who proposed selling it to them."
Later it says......
"Instead, Alcoa surprised nearly everyone by selling the entire plant to its nemesis Lynch for $150 million. "
Then goes on to say.....
"That's small potatoes compared to what Lynch has already received from Bonneville. Immediately after purchasing the plant, BPA paid Longview Aluminum $226 million to shut down and free up power during the West Coast power crisis. "
Now for my 2 Cents....
Id say that maybe Micheal Lynch may not be the best boss to try and work for, but he DOES know how to MAKE MONEY!!! According to the article I just read an posted parts from.......he personally profited $76+ million for just stepping in and buying the plant and then shutting it down. If you are a worker there it really sucks. However, if you were an investor in his aquisition of that plant from Alcoa such as we are in RSHN.........well they MADE MONEY and thats what we are here to do.
Id prefer we did it without the loss of anyones jobs, or damage to any persons livelyhoods but I am an INVESTOR looking for a PROFIT and I can assure you of this.......Michael Lynch is definately a man who knows HOW TO MAKE MONEY!!!! I believe that is why we are all share holders is it not?
I know that most any and everyone who ever has made it to be a huge success in this world didnt do it on his or her first shot at it.....Failures are a part of the process to becomming a success. We all get to benefit from Mr Corr's and Mr Lynch's past mistakes by not having to relive them with RSHN. These men are at the helm of this vessel and WE as MEMBERS of this TEAM should stand behind them and support them.
Those of you who INSIST on posting your DD which seems to be nothing but negativity are not helping the moral of the rest of the team. Most wont go out and look for articles which I posted from above and SEE that Lynch made 10's of Millions from a SINGLE transaction for his share holders behind him. Do you think while he was doing this he had people stabbing him in the back badmouthing him saying ..." I dont know about this Lynch character.....he seems kinda shady to me"? Or after he brought them a BIG ole fat payday did they say.....Youre MY DADDY!!!
It never seems to fail........you guys see a red tick for a day or two and you immediately go on a headhunting party and dredge up dirt on the VERY people whom you are intrusting your own money with. That sounds about as self defeating as at all possible and has me seeing red myself. Not because I lost money again today from the balance of my portfolio, but because the folks I like to listen to and hear comments from, seem to be consumed with finding dirt on everything and everyone instead of looking to the good thats right in front of them.
Im sorry but this chaps my A$$ raw!
Cheese an Beans folks.....we have a very good thing right before us waiting to happen. Leave things alone, shut up about PR's, dont spread RUMORS, and just let RSHN happen. When it does....take your profits or whatever and go or stay in like I am and benefit but in the mean while dont add insult to injury stating things that you CANT PROVE and are of no benefit but the MMs wanting your shares! DANG!!!
Every night the same thing.......Thanks for letting me vent!!!
GO RSHN!!!
Chris
-------------------- Try not to become a man of success but rather to become a man of value......Albert Einstein Posts: 346 | From: Illinois | Registered: Feb 2006
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quote:Originally posted by chklingon: icnif77 it was not an easy search. If I found the right guy, he is from Chicago. Started out buying distressed properties and then companies. He bought an Aluminum plant in Longview, Wa. for $155M. Promptly shut it down and took a payment of $225M from a power company. The rest of his aluminum holding finally went bankrupt. He was later found guilty of forging documents in a case against a law firm. I gathered from one cryptic document that he has filed to have a $31M judgement against him set aside as he files for personal banckruptsy. It appears that he has set up a new investment group to deal with RSHN. Found no documents about this company mentions in a prior PR from RSHN......
All this does NOT mean that I have lost faith in RSHN. It just means that I reminded myself that this is a VERY high risk investment and keep your wits about you.
Yup Donnie boy. I know Corr is also one to watch as well. Thanks for the reminder.
didn't find nothing about bankrupcies, that is part of the business, anyway. He is listed in that Zell's RIET( what is the biggiest REIT in States, after the Government, LOL), as Senior Vice President, Investments, what's speak volume. Then beside Corr's passion, we also have Cristies, I think we should rock. Good meaty pr and : Houston, we have a liftof....LOL
Posts: 283 | Registered: Apr 2006
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posted
"None of that info confirmed 100% that it was our Michael Lynch, it was just info on a "Michael Lynch"."
What other Michael Lynch might there be? It's either a millionaire with a history of bankruptcies, albeit a millionaire with experience in the corporate world . . . or perhaps some redneck with a still in his garage that can produce and bottle a few cans of RUSH XXX every week to send to Mexico.
Either way it's a penny stock hanging on a thread.
Posts: 486 | From: Tennessee | Registered: Jun 2005
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NEW YORK -- Michael Lynch's Longview Aluminum LLC has told tax authorities that the smelter has no real value even though he spent about $155 million to buy the plant in 2001.
A spokesman for the Cowlitz County (Wash.) Assessor's Office, which is responsible for assessing the value of property on which taxes are levied, said there was an ongoing dispute regarding the valuation of the property.
Longview appealed the assessor's valuation of the property for the year 2001, taxes for which were payable in 2002. Longview did not appeal the evaluation for 2002, payable this year, but the previous year's case has yet to be resolved.
Lynch and his partners acquired the plant from Alcoa Inc. in 2001. To finance the purchase, they used part of the $225 million provided by the Bonneville Power Administration on condition that they shutter the smelter to help save electricity.
"The appeal has yet to be heard by either the local or state board (of tax appeals). Now, with the Chapter 11 filing, that puts a lot more hurdles in the way regarding the appeal," the spokesman said. He added that most likely the case would be removed from the docket until the Chapter 11 judge decided what to do.
Cowlitz County put the value of the Longview plant and the land on which it sits at around $65 million. Longview is liable for the tax on the property despite the fact that it only leases the land from Alcoa.
The spokesman said that Longview had no serious objections to the valuation of the land at $10 million or to the value placed on a cable plant on the site at between $4 million and $5 million. The dispute lies in the valuation of the smelter itself, which hasn't operated since Alcoa acquired it from Reynolds Metals Co.
The county valued the smelter at between $45 million and $50 million, although it acknowledged that putting a value on the plant was difficult because it differed from other smelters in that it was capable of producing high-purity aluminum.
The spokesman said that Longview's owners, on the other hand, thought the smelter had no value. "They think the plant itself has zero value. We know what they paid for it (around $153 million) but Longview claims that they paid for the BPA contract and that the property isn't worth anything," a source said.
The assessor currently is evaluating the property for the current tax year, but the spokesman said that given the lack of new information and the plant's inactive status, the valuation would probably remain the same.
A spokeswoman for Longview said that the tax assessment was a hang-over from when Reynolds Metals owned the plant. "Reynolds negotiated some things with the county on the assessment. We just want the same rights to negotiate some different things," she said.
The county spokesman acknowledged that Reynolds had certain special arrangements in place but said that the deal was based on the smelter operating, which was no longer the case.
Meanwhile, Longview's bankruptcy case is to be moved to Chicago from Delaware.
A judge in Chicago ruled that it would be in the best interest of creditors if the case was heard by the same judge hearing the McCook Metals LLC Chapter 11 case.
Joe Baldi, trustee in the McCook case--who made the request to move the Longview case--said the judge found that statutory requirements for moving a case had been met. "The judge made the right ruling," he added.
Longview's spokes-woman said the company was "comfortable with the decision" and that in many ways "Chicago would be the better venue to air some of what we found out about Baldi during discovery." Longview recently filed a complaint against Baldi with the U.S. Trustee's office regarding his handling of the McCook case.
David Brooks dbrooks*amm.com
Posts: 486 | From: Tennessee | Registered: Jun 2005
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quote:Originally posted by netfreak: DO NOT TAKE THIS AS BASHING BUT IF BOTH OF THESE SHADY PEOPLE ARE INVOLVED IN THE FUTURE OF RUSH DOES THAT NOT BRING UP RED FLAGS TO ANYONE BY MYSELF HERE???? COULD THEIR PAST TRACK RECORD REFLECT THE FUTURE OF THIS STOCK???? AHHHHHHHHHHHHH THIS SUCKS I WOULD OF RATHER NOT HAVE KNOWN..... WTF
and if i would listen to you, and sold my position, you would jump on it. MICHAEL LYNNCH is listed in EQUITY PROPERTY TRUST ( the biggiest REIT in USA after the Government ), as Senior Vice President, and the President is one Sam ZELL. YOU CAN'T CALL THAT SHADY, CAN YOU???
Posts: 283 | Registered: Apr 2006
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-------------------- "The gambling known as business looks with severe disfavor on the business known as gambling" Ambrose Bierce Posts: 85 | From: Riverside | Registered: Apr 2006
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quote:Originally posted by ACKCANE: "None of that info confirmed 100% that it was our Michael Lynch, it was just info on a "Michael Lynch"."
What other Michael Lynch might there be? It's either a millionaire with a history of bankruptcies, albeit a millionaire with experience in the corporate world . . . or perhaps some redneck with a still in his garage that can produce and bottle a few cans of RUSH XXX every week to send to Mexico.
Either way it's a penny stock hanging on a thread.
That's my point, "What other Michael Lynch"....we don't know if there is one or not. There could be two or three Michael Lynch rich business men. You're right though, there is a lot of info on this one and most likely it is the guy with Corr. My point is, don't go making assumptions on info that hasn't been confirmed by the company.
Think of it from a scientists point of view, they aren't going to rely on data that hasn't been 100% confirmed. We should think the same way.
[ April 11, 2006, 00:11: Message edited by: stockstar ]
Posts: 200 | Registered: Mar 2005
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has anyone come up with an alcholic blend for Ginseng Rush, you know, like bicardi & Coca Cola. Something that would create demand at the bars and forever make it famous (and fast)?
Posts: 616 | From: Mid West | Registered: Mar 2006
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quote:Originally posted by netfreak: DO NOT TAKE THIS AS BASHING BUT IF BOTH OF THESE SHADY PEOPLE ARE INVOLVED IN THE FUTURE OF RUSH DOES THAT NOT BRING UP RED FLAGS TO ANYONE BY MYSELF HERE???? COULD THEIR PAST TRACK RECORD REFLECT THE FUTURE OF THIS STOCK???? AHHHHHHHHHHHHH THIS SUCKS I WOULD OF RATHER NOT HAVE KNOWN..... WTF
------------------------------------------
sell your shares so we can quit hearing you whine .........
Posts: 1551 | Registered: Feb 2006
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quote:Originally posted by Time2drum: Just curious,
has anyone come up with an alcholic blend for Ginseng Rush, you know, like bicardi & Coca Cola. Something that would create demand at the bars and forever make it famous (and fast)?
hmm.. maybe rush cola and jaeger shots?
-------------------- Penny stocks are often very volatile, and just as often unpredictable. - Peter Leeds Posts: 254 | From: lawn guy land, new york | Registered: Feb 2006
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posted
too many pages to go through, but i'm wondering what are everyone's expectations for RSHN's stock price a year from now?
Posts: 345 | Registered: Apr 2006
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quote:Originally posted by deleet: too many pages to go through, but i'm wondering what are everyone's expectations for RSHN's stock price a year from now?
put on 2Y chart of HANS......What is your expectation for the stock price now ??
Posts: 283 | Registered: Apr 2006
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quote:Originally posted by deleet: too many pages to go through, but i'm wondering what are everyone's expectations for RSHN's stock price a year from now?
Not tryin' to be caddy with ya but,..... If you don't have time to spend a few minutes on a few pages, how, or why, would you care what this is gunna do in a year???
quote:Originally posted by deleet: too many pages to go through, but i'm wondering what are everyone's expectations for RSHN's stock price a year from now?
so, what's your answer ??
Posts: 283 | Registered: Apr 2006
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quote:Originally posted by deleet: too many pages to go through, but i'm wondering what are everyone's expectations for RSHN's stock price a year from now?
Not tryin' to be caddy with ya but,..... If you don't have time to spend a few minutes on a few pages, how, or why, would you care what this is gunna do in a year???
posted
I just signed up for another account. This time with ChoiceTrade. Gonna fill it up with more RSHN.
Posts: 712 | From: Pungo USA | Registered: Mar 2006
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posted
I found this post at Raging Bull. 4/9/2006 11:20:15 PM From: creativeplatform Read Replies (4) of 1290
I have been thinking along time about how I could help RUSH gain popularity. And i have the perfect idea! Myspace.com has 70+ million users and is the 8th most viewed webpage! RUSH's competitors like pepsi, coke, jones soda, hansens ... already have myspaces so i made one for RUSH. www.myspace.com/enjoytherush
i think this is a great marketing idea for RUSH and i am going to call Bob Corr tomarrow to see what he thinks. What do you guys think?
-------------------- Mick Posts: 20 | From: Westminster, California | Registered: Mar 2006
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quote:Originally posted by MickeyP: I found this post at Raging Bull. 4/9/2006 11:20:15 PM From: creativeplatform Read Replies (4) of 1290
I have been thinking along time about how I could help RUSH gain popularity. And i have the perfect idea! Myspace.com has 70+ million users and is the 8th most viewed webpage! RUSH's competitors like pepsi, coke, jones soda, hansens ... already have myspaces so i made one for RUSH. www.myspace.com/enjoytherush
i think this is a great marketing idea for RUSH and i am going to call Bob Corr tomarrow to see what he thinks. What do you guys think?
Nice work mickey, good to see someone taking matters into their own hands!
Posts: 114 | From: canada | Registered: Mar 2006
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posted
Morning everyone. Looks like I stired the pot a bit last night. Thanks to all who put in their input. Chrispy in particular, thank you as well.
Remember... I have NOT sold one share since I started inspite of some of the thngs I have found. Indeed, I would add if I could. I find some very troubling past items, but lots of new information that points to a change. My DD shows a company DETERMINED to make this work this time. V-Net is gone, RSHN is now here. So far I like most of their moves and think they have been VERY good.
Hear is what I would like to see from the company. A 10K would be REALLY helpful.(Perhaps to start a move off the pinkies) How much of each product can they produce a week. An update on O/S. Any other sugestions?
Once again, no harm intended guys. Just looking at as much as I can.
-------------------- I wrestled with reality for years, Doctor, and I'm happy to state, I finally won out over it. Posts: 1794 | From: Killeen, Tx | Registered: Mar 2006
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posted
Someone opened a site on myspace. How funny. Well, not really, great idea. However I wonder what the company thinks of it. It certainly does target one of their demographics.
They did a good job on it.
Go RSHN!
-------------------- I wrestled with reality for years, Doctor, and I'm happy to state, I finally won out over it. Posts: 1794 | From: Killeen, Tx | Registered: Mar 2006
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