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Ram Power, Corp T.RPG

Sector: Utilities | Sub-Sector: Utilities - Independent Power Producers

Ram Power Corp is engaged in the acquisition, exploration, development & operation of geothermal energy projects. The Company currently has an operating geothermal project in Nicaragua, and interests in California, Nevada & British Columbia, Canada.
Price: $0.01 | Change: $-0.005 | %Change: -33.33%
Volume: 3.8m | Day High/Low: 0.015/0.005 | 52 Week High/Low: 0.08/0.005
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3 stars

We All Got Screwed as Shareholders

http://www.marketwatch.com/investing/stock/ift/insiders?pid=17066756   Mr. Antony Mitchell is Executive Chairman at Ram Power Corp., Chief Executive Officer & Director at Imperial Holdings Inc...read more
0 stars

RE:Bottom line

No your 600,000 shares will be 300 worth about 8-10 dollars.... divide 600,000/2000 to get your shares (300) and multiply 600,000 by .004 or .005 to get their value. $2,400-$3,000 dollars..... Then...read more
0 stars

RE:RE:RE:RE:Bottom line

Yes well said..... My moment of decision was before the merger when I could have sold my Polaris at 3.12 equivalent..... but after talking to Tony I decided to wait until after the Merger to sell at 4...read more
0 stars

Soo

much for Sccool's conversation with Steve about shareholders not going to get the short end of the stick this time around. Wow was he right. Thanks Steve, and thanks for ignoring most of my emails. JA  rate and reply
0 stars

RE:RE:RE:RE:Bottom line

Under the circumstances you don't need to apogize.  rate and reply
5 stars

RE:RE:RE:Bottom line

My apologies to the board for my venting posts earlier today. Obviously I was extremely unhappy with todays announcement, however I should have known better to get out long ago when I already had my...read more
0 stars

RE:RE:RE:Bottom line

Sorry to be repetitive but now that this has happened everyone should read the Jaguar bullboard from the beginnning to see what happened to the shareholders there.   I was one of them.    It may be a...read more
0 stars

Half a Cent

Isn't easier to say current shareholders just get half a cent? This is why we stayed at half a cent for months. So I agree with the other poster, they knew this for a long time. Half a cent was the...read more
0 stars

RE:RE:Bottom line

I bet you a million bucks this deal was NOT shopped around like we were lead to believe. RPG should be forced to disclose all parties they brought this to. I find it impossible to believe this is the...read more
0 stars

RE:RE:Bottom line

That's what I interpreted it be as well; that's why I called.  According to Steve we get 1% of the company and when I asked Steve if that means 600000 = 6000 he confirmed that to be correct. But none...read more
0 stars

RE:RE:Bottom line

You are right... in the above example you will have 300 shares left at $10. The 30Billion new shares are also reversed 2000:1. We were left with 1% (300M/30B) of the company or said another way...read more
0 stars

RE:Mute Point but the Dilution is actually only 99:1

The more I read here the worse this gets. We waited a year for this terrible outcome!?!?! Never mind the 8 cent offer they did last year which was absolutely disgusting looking back on it.  rate and reply
0 stars

RE:Bottom line

Did he say anything else? In terms of the deal or any other matters?  rate and reply
5 stars

Mute Point but the Dilution is actually only 99:1

Since all the subscriptions rights, debt for shares swap and consulting fees are being issued at pre-consolidation levels, they are actually part of the 2000:1 reverse split as well. We were diluted...read more
0 stars

RE:Bottom line

I don't want to sound rude, but you appear to be incorrect based on the split I read in the NR. Otherwise I am not reading $hit correctly.... Common Shares of the Company will be consolidated at a...read more
0 stars

RE:Bottom line

Sorry, meant to say shareholders are left with1% of the company.  rate and reply
0 stars

Bottom line

I spoke with Steve earlier today to get clarification on this deal would impact me. In a nutshell owners are left with 1% of the company, so in my case my 600,000 shares become 6,000.  rate and reply
0 stars

RE:RE:RE:Of course they can run the plant anyway they want

I never participated in the Rights Offering, but you are correct a minimum of 8 cents should be paid out to all shareholders,.. THEN they can do whatever bull$hit deal THEY WANT TO DO, as this is NOT...read more
3 stars

RE:RE:Of course they can run the plant anyway they want

Cosmic, read the fine print.   While it would have helped, I don't think squeaking by and just passing a test was going to cut it.   As they said previously, they needed to drill two wells in order to...read more
5 stars

To Think

this "Deal" took 17 months to put together. Yes I'm sure talks broke down with 'interested' parties but we waited for nothing. Dundee Securities (UK)... great job! Should of done 4000:1, it really...read more