The big guy Scott has 72000 shares. If I had faith in the company I thought would bring in money for all its stockholders I do believe that at .40 per share 28858.00 is chump change. None of them have any faith in RNIN as a company, but they will shuffle the money around amongst themselves..The stockholders are the chumps for this stock PUSHER known as" Weg."..
Weg, you've been pushing this stock for several years always expecting something big.
The cash on hand is getting less. The last offering brought in $1.4 mil and $1.0 of that was eaten in the last quarter.
At some point, the math will start to matter.
Also alarmingly, the stock price has only dropped since the announcement of the reverse split. With the 5 to 1 reverse split, it still might be difficult to stay listed.
With 100 BW3's getting rolled out during current quarter, we should see more math on what type of revenue boost this is for the company. Likely I'm guessing around $500,000 to $1,000,000 in revenue. Likely still not break-even however.