Forum Archive Index - March 2001

["Geoff Walker" <geoffk_walker@hotmail.com>]

For a company that promised much they appear to be delivering little, or not
at a fast enough pace to satisfy investors.  Not wanting to rub salt in the
wounds to those who hold RMG but consider recent drop may in fact benefit
shareholders.

A scenario that could occur due to the recent slide in shareprice is this;

1       Management stop buying businesses now, and in the foreseeable
future.  Continually diluting the shareprice month after month by issuing
shares has not added shareholder value (if they can't amalgamate the
businesses successfully which history proves they can't).  The opposite is
occurring (suspect at 16c they will find it tough going to convince
prospective sellers to take shares not cash anyway).

2       Management spend their time (and shareholders money) bedding down
all the businesses they currently own.  Sort them out!

3       Inform the market of their future plans.  I believe that certainty
is now needed to avoid the shareprice continually drifting down to the penny
dreadful levels (is it there now?).

I suspect shareprice will continue to drift lower for many months as
investors become increasingly frustrated at the perceived lack of
performance and the mountain of shares in escrow are sold.

Anyway, enough ramblings from me, I don't run the company and never will.
Maybe a current shareholder should forward their concerns and ideas to their
website, it couldn't do any harm?


Regards

Geoff Walker

disclaimer:     did own RMG, sold out 2 weeks ago at a considerable loss.
Will buy again IF and WHEN management start shaping up or shipping out....

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