Member Info for lootgaloot

Took the opportunity to add more. Don't think we'll see this price again.

AI is like sex at school; everyone is talking about it, very few practice it but everyone believes everyone else is doing it.

There appears to be some confusion with regards to the RNS on the cancellation of shares on AIM. The 1p quoted is simply the nominal value of the shares (the original listing price) and is for administrative purposes only; it is not the market value and is not relevant to our situation. “fully paid” means the company has bought (redeemed) the remaining shares on the market, this is a requirement before the company can officially delist. So the RNS is simply an administrative announcement. For the next 12 months shares in RSI can be traded on the third party trading facility BritDAQ, you will need to register at the web site www.britdaq.com where you will find a message board for RSI. I would advise everyone to register (for free) because the email address you provide will be used by RSI for future communication with shareholders. If you wish to trade RSI shares on the britDAQ facility you will need ‘gold membership’ which is also free but involves opening an account with ‘Walker Crips Stockbrokers’. I have been advised by my broker (Halifax Share Dealing) that they can no longer hold my RSI shares and I have now arranged for the paper certificate to be sent to my home address. Once I have the certificate I will register for gold membership and send the certificate to Walker Crips Stockbrokers. All of the above is to the best of my knowledge, if you have any doubts you should contact the company's nominated advisor on 020 3463 5010.

Option 1: Sell your shares before it delists on Apr 12th. At least you have the cash to invest elsewhere. Option 2: RSI will set up a trading facility where you can choose to buy/sell the shares for another year after delisting. The market will be less liquid and there is no guarantee the price will be any higher than today. On the plus side the company should be cash flow positive by early next year and in a position to command a better valuation. Option 3: Stick your share cert in the bottom drawer. Fox Davies placed a 13p per share valuation on this company in September. RSI is expected to grow revenues in the coming years and current problems are due to cash flow over the short term otherwise the company should be OK. The problem is, when do you get your money back? 5, 10, 20 years? At any stage a potential bidder could make an offer. Up until recently Peter O’Reilly was unprepared to raise funds at 3p per share so an acceptable offer may have to be higher than this. Unfortunately there does not appear to be any buyers at this price. It really comes down to whether you trust the management to a) grow the business and b) return value to the shareholders by selling or relisting the company sometime in the future. One crumb of comfort is that our interests would appear to be reasonably well aligned to the interests of two of the major shareholders. As hedge funds/asset managers, they will be just as keen as we are to realise the value of their investment.