posted
Related Quotes Sym. Price Chg. RSDS Trade News 0.0011 0.0001 Russell Industries Closes 504
May 24, 2007 10:48:10 (ET)
HOUSTON, May 24, 2007 (BUSINESS WIRE) -- Russell Industries, Inc. (PINK SHEETS:RSDS) announces that its sale of securities pursuant to Regulation D, Rule 504, of the United States Securities and Exchange Commission will be concluded on June 1, 2007.
"The response from accredited investors was overwhelming and the equity capital raised has enabled Russell Industries to operate, acquire uranium mine claims and build a foundation for future mining, acquisitions and validation of proven and probable reserves of the assets," said Rick Berman, President and CEO.
About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 254 Uranium Mining Claims as of May 23, 2007.
Safe Harbor
Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
SOURCE: Russell Industries, Inc.
Russell Industries, Inc. Rick Berman, 713-446-7231 (Investor Relations) Fax: 281-298-9055 irrsds*aol.com
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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posted
RSDS: upon reviewing the R/S history, I found out that next R/S is about 6 months away. It's a gread gamble at this level. I am loaded. Go RSDS and AVVW, see which one can run better next week. I play RSDS purely based on MMs' game -- they normally run a stock to a higher level when 504 has ended.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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Time & Sales Price Size Exch Time 0.0011 500000 OTO 11:49:38 0.0011 500000 OTO 11:49:37 0.0011 84545 OTO 11:38:09 0.0011 50000 OTO 11:33:03 0.0011 50000 OTO 11:32:57 0.0011 300000 OTO 11:32:32 0.0011 500000 OTO 11:32:09 0.0011 1000000 OTO 11:29:19 0.0011 430000 OTO 11:26:35 0.0011 172772 OTO 11:25:28 0.0011 500000 OTO 11:25:00 0.001 2000000 OTO 11:24:02 0.0011 200000 OTO 11:22:31 0.0011 186363 OTO 11:20:54 0.0011 500000 OTO 11:20:47 0.0011 2250000 OTO 11:20:05 0.0011 81000 OTO 11:17:29 0.0011 4000000 OTO 11:17:20 0.0011 500000 OTO 11:17:16 0.0011 1000000 OTO 11:16:33 0.0011 400000 OTO 11:16:32 0.0011 2000000 OTO 11:15:24 0.0011 1000000 OTO 11:15:07 0.0011 500000 OTO 11:15:01 0.0011 500000 OTO 11:15:01 0.0011 800218 OTO 11:15:00 0.0011 1500000 OTO 11:14:14 0.0011 700000 OTO 11:13:47 0.0011 1000000 OTO 11:12:56 0.0011 1000000 OTO 11:12:13
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
Taken from ioHub board by Loofman: ------------------------------- Guestimated RSDS Asset Valuation >>.106 per share<<
The following valuation is based purely from educated guestimate projections, using the geo dd information released in a previous PR by the company. Using the original 54 mining claims, and the minimum valuation given in this report, those claims, based on today's Uranium price of $125 lb. are worth $67,500,000.
So with this knowledge, I am making an educated guestimate to determine a total value of the 254 mining claims baased on the value of the first 54 claims and knowing the addtional 200 claims are in close proximity to the original claims.
My guestimate:
1. Original 54 claims valued * $67,500,000
2. $67,500,000 / 54 = an ave. of $1,250,000 per claim
3. $1,250,000 ave. per claim x 254 claims = $317,500,000 tot. claim value.
4. $317,500,000 tot. claim value / 50% discount to the market for buyout potential $158,750,000
5. $158,750,000 / 1,500,000,000 shares, guestimated final tally before 504 completion = .106 cents per share.
Is RSDS is a strong buy? I think it's a Uranium HOT strong buy! Now let's see the market verify this!
jmo, Loofman ---------------------------
Looks good to me. Now all they really need to do to match companies like this is to file to the SEC on a quarterly basis, and we are off!
posted
I expect it will take 2 weeks to consolidate at the bottom, then it will progres level by level, just like PDGT. Each level will need 2 weeks to consolidate.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
Rumor about a merger at Ihub may trigger a run sooner than expected.
*** Posted by: Loadmaster In reply to: sabregold1999 who wrote msg# 15987 Date:5/29/2007 1:04:24 PM Post #of 15996
Most likely the merger would be with Trophy Resources (TRSI). They are an active oil mining company wanting to get into metal and minerals. Plus, Rick Berman, CEO RSDS, was appointed to their board of directors a few weeks ago. A TRSI/RSDS merger would be a great match.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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